1. 'Administrator' means the Small Business Surety Bond Guaranty Program Administrator; 2. 'Fund' means the Small Business Surety Bond Guaranty Fund;3. 'Indemnity fund' means a fund established through the Office of Management and Enterprise Services to underwrite the Small Business Surety Bond Guaranty Program;4. 'Principal' means a small business entity as defined pursuant to Section 3 of the Small Business Act, 16 U.S.C. Section 632;5. 'Program' means the Small Business Surety Bond Guaranty Program; and6. 'Surety' means a corporation granted authority by the Insurance Commissioner to write bonds or insurance in this state guaranteeing the performance of contracts.Added by Laws 1990, c. 236, § 2, eff. July 1, 1991. Amended by Laws 2012, c. 304, § 768.
Oklahoma Legal Code