Oklahoma Athlete Agent Bond Information is a set of requirements for anyone who acts as an athlete agent in the state of Oklahoma. According to the Oklahoma Statutes, Title 74, Section 951.1, an athlete agent is defined as “any person who, directly or indirectly, recruits or solicits a student athlete to enter into an agency contract with the athlete or another person, or who provides advice or services to a student athlete for compensation.” In order to legally act as an athlete agent in Oklahoma, the individual must obtain an Oklahoma Athlete Agent Bond. This bond is a type of surety bond and must be in the amount of $25,000. The bond is a guarantee that the principal (athlete agent) will act in compliance with the Oklahoma Statutes regarding athlete agents and their activities, as well as the rules and regulations of the Oklahoma Secondary School Activities Association (OS SAA). There are two types of Oklahoma Athlete Agent Bond Information: the Surety Bond and the Disclosure Statement. The Surety Bond is a financial guarantee from the surety company that the athlete agent will abide by the Oklahoma Statutes regarding athlete agents. The Disclosure Statement is a document that the athlete agent must fill out and submit to the OS SAA, outlining their qualifications, background, and activities as an athlete agent.
Oklahoma Athlete Agent Bond Information
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As in all U.S. states, many types of businesses are required to post an Oklahoma surety bond to ensure their legal operation in the state. The purpose of surety bonds is to protect the state, and the general public, from fraudulent activities on the side of individuals and businesses.
Oklahoma contractor license bond costs start at $50 annually. Your exact cost will vary depending on the license type you need and its required bond amount. Most contractor bonds required for city licensing in Oklahoma cost $50 annually.
How much does an Oklahoma contractor bond cost? Bond TypeSurety Bond AmountBetween 650-699StatewideFence Contractor Bond$1,000$100Sidewalk Contractor Bond$2,000$100Sign Contractor Bond$5,000$100-$1259 more rows
Contractors can obtain surety bonds from Billy Insurance in Oklahoma. Contractors can get surety bonds from Billy Insurance in Oklahoma. Pay the premium and obtain the bond. Once the bond application is approved, you'll need to pay the premium and receive the bond.
Bond Price = C (1-(1+r)-n/r ) + F/(1+r)n F = Face / Par value of bond, r = Yield to maturity (YTM) and. n = No. of periods till maturity.
What Is an Oklahoma Surety Bond? As in all U.S. states, many types of businesses are required to post an Oklahoma surety bond to ensure their legal operation in the state. The purpose of surety bonds is to protect the state, and the general public, from fraudulent activities on the side of individuals and businesses.
On average, the cost for a surety bond falls somewhere between 1% and 15% of the bond amount. That means you may be charged between $100 and $1,500 to buy a $10,000 bond policy. Most premium amounts are based on your application and credit health, but there are some bond policies that are written freely.
