On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of surety bond producers, whose membership includes licensed resident bond agents and licensed non-resident bond agents in Oklahoma, I am writing you to respectfully request your prompt review of your practices regarding the acceptance of surety bonds. It has come to my attention that your office may be rejecting the submission of bonds, in whole or in part, based on the fact that they are not countersigned by an “Oklahoma Resident Agent.” I have included as an exhibit to this letter a copy of instructions which state the following:
“ALL BONDS SIGNED BY OUT OF STATE AGENTS MUST BE COUNTER SIGNED BY AN OKLAHOMA RESIDENT AGENT AND A POWER OF ATTORNEY BY THE CO-SIGNER ATTACHED.”
NASBP Letter Addressing Locality Requirements in VA Bid Bond