Oklahoma § 36-2912 - Attorney's bond
Full text of Oklahoma Oklahoma Statutes § 36-2912 — Attorney's bond, with citation guidance and answers to common questions.
§ 36-2912. Attorney's bond
A. Concurrently with the filing of the declaration provided for
in Section 2908 of this article, the attorney of a domestic
reciprocal insurer shall file with the Insurance Commissioner a bond
in favor of the State of Oklahoma for the benefit of all persons
damaged as a result of breach by the attorney of the conditions of
his bond as set forth in subsection B hereof. The bond shall be
executed by the attorney and by an authorized corporate surety, and
shall be subject to the Insurance Commissioner's approval.
B. The bond shall be in the penal sum of Twenty-five Thousand
Dollars ($25,000.00), aggregate in form, conditioned that the
attorney will faithfully account for all monies and other property
of the insurer coming into his hands, and that he will not withdraw
Oklahoma Statutes - Title 36. Insurance
or appropriate to his own use, from the funds of the insurer, any
monies or property to which he is not entitled under the power of
attorney.
C. The bond shall provide that it is not subject to
cancellation unless thirty (30) days' advance notice in writing of
cancellation is given both the attorney and the Insurance
Commissioner.
Laws 1957, p. 357, § 2912.
Frequently Asked Questions About Oklahoma § 36-2912
What does Oklahoma Statutes § 36-2912 cover?
Section 36-2912 ("Attorney's bond") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 36-2912?
A common citation format is "Oklahoma Statutes § 36-2912" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 36-2912 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.