§ 12-288 — Bond
Oklahoma City Municipal Code (Supp. No. 5, Update 1: codified through Ordinance No. 28070, adopted April 21, 2026) · Oklahoma City Municipal Code § 12-288
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§ 12-288. - Bond.
(a) No insulation contractor's license shall be issued until the applicant shall have deposited with the City Clerk a surety bond in the sum of $5,000.00 to be known as "insulation-contractor bond." The bond shall be executed by the insulation contractor and the surety thereon shall be a corporate surety company, authorized to do business in this State. (b) The bond shall be in the favor of the City and conditioned on the licensee faithfully and properly conducting his business in compliance with the laws and ordinances of the City relating to insulation and insulation contractors and for the payment of all fines and penalties imposed for the violation of such laws and for the protection and indemnification of the City against all damages, resulting directly or indirectly from any injury to persons or property on account of the negligence or unskilled work of the licensee. (c) The bond shall be renewed annually and no person shall engage in the business of an insulation contractor unless the bond as provided in this section is on file with the City Clerk.
(Ord. No. 24439, § II, 4-3-12)