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Oklahoma bonds

Oklahoma — Abstractor (Title Agent) Bond

For an Oklahoma abstracting business, the county and the kind of protection matter. The Board’s form has separate county-records and errors-and-omissions obligations. Apply through The Southern Agency with the correct business, county and requested sums.

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Recorded state
Oklahoma
Bond type
Abstractor / Title Abstracting Bond
Category
Professional & occupational licenses

What this bond does

The county-records obligation addresses damage to public records the abstractor accesses. The errors-and-omissions obligation addresses actual damages from incomplete, imperfect or erroneous abstracts. They are not interchangeable protections.

Who needs it
Abstract businesses matching security to an Oklahoma Abstractors Board certificate of authority or permit. This is abstracting security, not a policy insuring a property owner’s title.
Who it protects
The Board’s form names the State of Oklahoma, through the Oklahoma Abstractors Board. Its county-records condition protects the state, county and damaged people from record injury by the principal, agents or employees; its E&O condition addresses people harmed by errors in the abstracts.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Keep the two requested sums separate

The OAB form provides one amount field for the county-records bond and another for the E&O bond. The rules require county-records security for permits and certificates of authority; certificate applications also need E&O security, which may be a bond or insurance.

Section 1-27(C) sets E&O sums by county population: $15,000 below 30,000; $25,000 from 30,000 to below 60,000; $50,000 from 60,000 to below 100,000; and $100,000 at 100,000 or more. Rule 5:11-3-3 also ties the county-records minimum to that provision. Use the Board’s applicable county/population basis rather than treating the two fields as one shared sum.

Prepare the Board form before applying

Purchase Now opens Propeller in a new tab. Have the legal abstract company name, county, permit or certificate details, requested protection and dates ready.

After issuance, check both obligations and amounts against the Board’s form and instructions. The rules direct the original county-records bond to the Board, which sends a certified copy to the county clerk. County-records coverage is specified as one year; the public option itself does not supply a term.

Sources

Have these ready

  1. Exact abstract company identity and county of operation.
  2. Certificate of authority or permit application/renewal details.
  3. County-records sum and E&O bond or insurance arrangement, identified separately.
  4. Board form, applicable population basis and coverage dates.

Questions about this bond

Is the E&O reference relevant to this bond?

Yes. It is a named part of the Board’s abstractor form, covering errors in abstracts. It is not unrelated general insurance wording. The rules allow E&O insurance or a bond for that part.

Can I put one amount into both obligations without checking?

The form has separate amount fields, and the rules link minimums to the statutory schedule. Establish the applicable county basis and the requested security before completing either field.

Do I send the original county-records bond directly to the county clerk?

The rule directs the original to the Board. The Board or its designee sends a certified copy to the county clerk for filing.

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