Title 36 — Title 36 — Insurance

156, § 35, eff. Nov. 1, 2001.

418, § 127, eff. Nov. 1, 1997.

156, § 35, eff. Nov. 1, 2001.

36 O.S. § 1425.3 Repealed by Laws 2001, c. 156, § 34, eff. Nov. 1, 2001

156, § 35, eff. Nov. 1, 2001.

36 O.S. § 1425.5 Repealed by Laws 2009, c. 176, § 59, eff. Nov. 1, 2009

156, § 35, eff. Nov. 1, 2001.

36 O.S. § 1425.7 Repealed by Laws 2001, c. 156, § 34, eff. Nov. 1, 2001

156, § 35, eff. Nov. 1, 2001.

36 O.S. § 1425.9 Repealed by Laws 2001, c. 156, § 34, eff. Nov. 1, 2001

156, § 35, eff. Nov. 1, 2001.

1997.

156, § 35, eff. Nov. 1, 2001.

156, § 35, eff. Nov. 1, 2001.

156, § 35, eff. Nov. 1, 2001.

36 O.S. § 1428 Repealed by Laws 2001, c. 156, § 34, eff. Nov. 1, 2001

36 O.S. § 1429 Repealed by Laws 1997, c. 418, § 125, eff. Nov. 1, 1997

36 O.S. § 1430 Repealed by Laws 2001, c. 156, § 34, eff. Nov. 1, 2001

36 O.S. § 1431 Repealed by Laws 2001, c. 156, § 34, eff. Nov. 1, 2001

36 O.S. § 1431.1 Repealed by Laws 2001, c. 156, § 34, eff. Nov. 1, 2001

36 O.S. § 1432 Repealed by Laws 2001, c. 156, § 34, eff. Nov. 1, 2001

36 O.S. § 1433 Repealed by Laws 2001, c. 156, § 34, eff. Nov. 1, 2001

A. This act shall be known and may be cited as the "Oklahoma Producer Licensing Act". B. This act governs the qualifications and procedures for the licensing of insurance producers. It simplifies and organizes statutory language to improve efficiency, permits the use of new techn…

A. The following are exempt from the requirement for an examination, if the Insurance Commissioner determines, in accordance with rules adopted by the Commissioner, that the applicant is cognizant of and capable of fulfilling the responsibilities of the license: 1. Any limited li…

An insurance producer doing business under any name other than the producer's legal name is required to notify the Insurance Commissioner prior to using the assumed name. Added by Laws 2001, c. 156, § 11, eff. Nov. 1, 2001.

insureds and public. A. The Insurance Commissioner may issue a temporary license for a period not to exceed one hundred eighty (180) days without requiring an examination if the Insurance Commissioner deems that the temporary license is necessary for the servicing of an insurance…

license – Probation and censure – Grounds – Notice – Fines. A. The Insurance Commissioner may place on probation, censure, suspend, revoke or refuse to issue or renew a license issued pursuant to the Oklahoma Producer Licensing Act or may levy a civil penalty in accordance with s…

duties - Violation - Punishment. A. The provisions of this section shall apply only to property and casualty insurance producers. All premiums belonging to insurers and all unearned premiums belonging to insureds received by an insurance producer licensee under this article shall…

brokerage or other valuable consideration – Recipient to be licensed. A. An insurance company or insurance producer shall not pay a commission, service fee, brokerage or other valuable consideration to a person for selling, soliciting or negotiating insurance in this state if tha…

of appointment - Discrimination among producers - Penalties. A. An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer. An insurance producer who is not acting as an agent of an insurer is not require…

other business relationship – Notification – Immunity from liability – Confidentiality – Final adjudicated actions. A. An insurer or authorized representative of the insurer that terminates the appointment, employment, contract or other insurance business relationship with a prod…

Reciprocity – Continuing education requirements. A. The Insurance Commissioner shall waive any requirements for a nonresident producer license applicant with a valid license from the applicant’s home state, except the requirements imposed by Section 9 of this act, if the applican…

against producer – Duty to report to Commissioner. A. Whether an applicant for, a person licensed as or a person seeking a renewal for a producer license, that person shall report to the Insurance Commissioner any administrative action taken against that person in another jurisdi…

The Insurance Commissioner may, in accordance with Section 307.1 of Title 36 of the Oklahoma Statutes, promulgate reasonable rules as are necessary or proper to carry out the purposes of the Oklahoma Producer Licensing Act. Added by Laws 2001, c. 156, § 19, eff. Nov. 1, 2001.

As used in the Oklahoma Producer Licensing Act: 1. "Commissioner" means the Insurance Commissioner; 2. "Business entity" means a corporation, association, partnership, limited liability company, limited partnership, or other legal entity; 3. "Customer service representative" mean…

Travel accident and baggage policies. A. A limited lines producer may receive qualification for a license in one or more of the following categories: 1. Prepaid legal liability insurance, which means the assumption of an enforceable contractual obligation to provide specified leg…

A. As used in this section: 1. "Self-service storage insurance" means personal property insurance offered to occupants of a self-service storage facility in connection with and incidental to the rental of space at the self- service storage facility. Self-service storage insurance…

prohibited. A. The Commissioner shall not grant, renew, continue, or permit to continue any license if the Commissioner finds that the license is being or will be used by the applicant or licensee for the purpose of writing controlled business. "Controlled business" means: a. ins…

1. Prior to issuance of a license as a surplus lines insurance broker, the applicant shall file with the Commissioner and thereafter, for as long as the license remains in effect, shall keep in force a bond in an amount of not less than Five Thousand Dollars ($5,000.00) and not m…

A. All applications shall be accompanied by the applicable fees. An appointment may be deemed by the Commissioner to have terminated upon failure by the insurer to pay the prescribed renewal fee. The Commissioner may also by order impose a civil penalty equal to double the amount…

36 O.S. § 1435.24 Repealed by Laws 2022, c. 225, § 8, eff. Nov. 1, 2022

2008.

A. It shall be unlawful for any person whose license to act as an insurance producer, limited lines producer, managing general agent, or surplus lines insurance broker has been suspended, revoked, surrendered, or refused to do or perform any of the acts of an insurance producer, …

If an insurance producer or insurance producers choose to use a facsimile signature stamp in their business, such stamp shall be proof that the producer or producers have authorized the signing of any documents relating to the business of insurance. Added by Laws 2001, c. 156, § …

interest. It shall be unlawful for any insurance producer to receive an ownership interest in any policy, by assignment or otherwise, unless the insurance producer has an insurable interest in the life of the insured. Added by Laws 2001, c. 156, § 28, eff. Nov. 1, 2001.

A. 1. Each insurance producer, with the exception of title producers and aircraft title producers or any other producer exempt by rule, shall, biennially, complete not less than twenty-one (21) clock hours of continuing insurance education. Such education may include a written or…

A. Every insurance producer, as defined pursuant to paragraph 7 of Section 1435.2 of this title, or limited lines producer who solicits or negotiates an application for insurance of any kind shall, in any controversy between the insured or the insured's beneficiary and the insure…

36 O.S. § 1435.30 Repealed by Laws 2022, c. 225, § 9, eff. Nov. 1, 2022

2022.

2008.