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Oklahoma bonds

Oklahoma — Electrical Contractor Bond

Oklahoma’s active electrical contractor bond belongs in the individual license holder’s name. Have that license information ready before selecting Purchase Now below. The Southern Agency’s Electrical Contractor Bond option supports this Construction Industries Board requirement.

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Recorded state
Oklahoma
Category
Contractors & construction

What this bond does

The Oklahoma Construction Industries Board requires an active electrical contractor to carry a $5,000 corporate surety bond. Its license bond form conditions the obligation on compliance with the laws, rules and regulations governing the licensed business.

Who needs it
The individual Oklahoma electrical contractor license holder arranging the bond required for active contractor status. A journeyman or apprentice credential should not be treated as the same licensed role.
Who it protects
The bond is payable to the State of Oklahoma, ex rel. Construction Industries Board, as obligee. It addresses the contractor’s compliance obligation; it is separate from the contractor’s general liability insurance.

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.

Name the license holder correctly

CIB’s active-contractor instructions say the bond must be in the individual license holder’s name. A business trade name alone can leave out the required principal. Use the name shown on the license and provide any company details requested separately.

The official license bond form has separate checkboxes for mechanical, plumbing and electrical contractors and states $5,000 for each indicated license type. For this electrical bond application, identify the electrical contractor license rather than assuming the same purchase includes every trade.

Prepare the signatures and supporting document

CIB calls for original signatures, seals and an attached power of attorney. Keep those execution requirements with the bond application so the issued package can be submitted to the board’s Bonds and Insurance Unit as instructed.

The board also requires evidence of general liability insurance for active contractors. Its published minimum is $50,000, with the individual license holder named and CIB as certificate holder. The $5,000 bond is not a substitute for that insurance certificate.

Maintain the continuous bond for active status

CIB requires a continuous bond with 30 days’ cancellation notice. The bond form preserves liabilities arising from violations before cancellation takes effect. Keep the accepted bond in place for active status and follow CIB's instructions when replacing security.

Purchase Now opens Propeller in a new tab to start the application. Have the individual license holder's details ready, then review the issued bond and execution package before filing. Keep the filed bond and separate insurance documents with the license records.

Sources

Have these ready

  1. The individual license holder’s legal name, license number, mailing address, and electrical contractor classification.
  2. The $5,000 license bond request and required effective date.
  3. CIB’s execution requirements for original signatures, seals and power of attorney.
  4. The separate general liability certificate and board submission instructions for active status.

Questions about this bond

Should the principal be my LLC or the licensed individual?

CIB’s published instructions say the bond must be in the individual license holder’s name. Supply any separate company information requested without replacing that individual identity.

Does one bond application include every CIB trade?

The form has separate mechanical, plumbing and electrical checkboxes and states $5,000 for each indicated license type. Identify the electrical contractor license for this application; do not assume every trade is included.

Does this bond replace general liability insurance?

No. CIB separately requires an active contractor’s liability certificate with a published $50,000 minimum. Keep both the bond and insurance requirements in the licensing package.

Does continuous mean no cancellation is possible?

No. The board requires a continuous bond with 30 days’ cancellation notice. Review any cancellation or replacement in relation to your active license requirements.

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