State statute · Oklahoma

Unfair methods of competition and deceptive acts prohibited and defined

Okla. Stat. tit. 36, ss. 36-1203/1204

Publisher: Oklahoma State Legislature
Edition: Oklahoma Statutes Title 36, retrieved 2026-08-28
Last checked: 2026-08-28
Status: Oklahoma Statutes, public domain

Edition and licensing notes

Publisher. Oklahoma State Legislature (oksenate.gov)

Status. Oklahoma Statutes, public domain.

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What this document is

Okla. Stat. tit. 36, ss. 36-1203/1204: Unfair methods of competition and deceptive acts prohibited and defined is a state statute published by Oklahoma State Legislature (oksenate.gov). It is one of the Oklahoma documents that insurance license exam questions are written from, including oklahoma life & health, oklahoma property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

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Okla. Stat. tit. 36 § 1204(4) (Boycott, coercion and intimidation)
“Entering into any agreement to commit, or by any concerted action committing, any act of boycott, coercion or intimidation resulting in or tending to result in unreasonable restraint of, or monopoly in, the business of insurance.”
Okla. Stat. tit. 36 § 1204(3) (Defamation)
“any oral or written statement or any pamphlet, circular, article or literature which is false, or maliciously critical of or derogatory to the financial condition of an insurer, and which is calculated to injure any person engaged in the business of insurance.”
Okla. Stat. tit. 36 § 1203 (Unfair Methods of Competition Prohibited)
“No person shall engage in this state in any trade practice which is defined in this article as, or determined pursuant to this article to be, an unfair method of competition or an unfair or deceptive act or practice in the business of insurance.”
Okla. Stat. tit. 36 § 1204(1) (Misrepresentation / Twisting)
“using any name or title of any policy or class of policies misrepresenting the true nature thereof, or making any misrepresentation to any policyholder insured in any company for the purpose of inducing or tending to induce such policyholder to lapse, forfeit, or surrender his or her insurance.”
Okla. Stat. tit. 36 § 1204 (Unfair Discrimination)
“Making or permitting any unfair discrimination between individuals of the same class and equal expectation of life in the rates charged for any contract of life insurance or of life annuity or in the dividends or other benefits payable thereon, or in any other of the terms and conditions of such contract.”
Okla. Stat. tit. 36, § 1204(4) (Boycott, coercion and intimidation)
“4. Boycott, coercion and intimidation. Entering into any agreement to commit, or by any concerted action committing, any act of boycott, coercion or intimidation resulting in or tending to result in unreasonable restraint of, or monopoly in, the business of insurance.”
Okla. Stat. tit. 36, § 1204(7)(a) (Unfair discrimination, life contracts)
“7. Unfair discrimination. (a) Making or permitting any unfair discrimination between individuals of the same class and equal expectation of life in the rates charged for any contract of life insurance or of life annuity or in the dividends or other benefits payable thereon, or in any other of the...”
36 O.S. § 1204(1) (Misrepresentations and false advertising of policy contracts)
“1. Misrepresentations and false advertising of policy contracts. Making, issuing, circulating, or causing to be made, issued or circulated, any estimate, illustration, circular or statement misrepresenting the terms of any policy issued or to be issued or the benefits or advantages promised thereby...”
36 O.S. § 1204(3) (Defamation)
“3. Defamation. Making, publishing, disseminating, or circulating, directly or indirectly, or aiding, abetting or encouraging the making, publishing, disseminating or circulating of any oral or written statement or any pamphlet, circular, article or literature which is false, or maliciously critical...”
36 O.S. § 1204(10) (Inducements)
“10. Inducements. No insurer, agent, broker, solicitor, or other person shall, as an inducement to insurance or in connection with any insurance transaction, provide in any policy for or offer, sell, buy, or offer or promise to buy, sell, give, promise, or allow to the insured or prospective insured...”

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