Suspension, revocation, or refusal to issue or renew license

What this document is

Okla. Stat. tit. 36, s. 36-1435.13: Suspension, revocation, or refusal to issue or renew license 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

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Okla. Stat. tit. 36 § 1435.13(A)(1) (Grounds: false information in license application)

  “Providing incorrect, misleading, incomplete or materially untrue information in the license application;”

• Okla. Stat. tit. 36 § 1435.13(A)(8) (Grounds: fraudulent, coercive, or dishonest practices)

  “Using fraudulent, coercive, or dishonest practices, or demonstrating incompetence, untrustworthiness or financial irresponsibility in the conduct of business in this state or elsewhere;”

• Okla. Stat. tit. 36 § 1435.13(A)(3) (Grounds: misrepresentation or fraud to obtain license)

  “Obtaining or attempting to obtain a license through misrepresentation or fraud;”

• Okla. Stat. tit. 36, § 1435.13(C) (Business entity license liability)

  “The license of a business entity may be suspended, revoked or refused if the Insurance Commissioner finds, after opportunity for hearing, that an individual licensee's violation was known or should have been known by one or more of the partners, officers or managers acting on behalf of the...”

• Okla. Stat. tit. 36, § 1435.13(F) (Authority retained after surrender or lapse)

  “The Insurance Commissioner shall retain the authority to enforce the provisions of and impose any penalty or remedy authorized by the Oklahoma Producer Licensing Act and Title 36 of the Oklahoma Statutes against any person who is under investigation for or charged with a violation of the Oklahoma...”

• Okla. Stat. tit. 36, § 1435.13(I) (Notice to NAIC and other states)

  “Upon suspension, revocation or termination of the license of a resident or nonresident of this state, the Commissioner shall notify the Central Office of the National Association of Insurance Commissioners, or its appropriate nonprofit affiliates and the Insurance Commissioner of each state for...”

• 36 O.S. § 1435.13(C) (Suspension, revocation or refusal to issue or renew license; business entity liability)

  “C. The license of a business entity may be suspended, revoked or refused if the Insurance Commissioner finds, after opportunity for hearing, that an individual licensee's violation was known or should have been known by one or more of the partners, officers or managers acting on behalf of the...”

• 36 O.S. § 1435.13(E) (Records retention and examination by the Commissioner)

  “E. Every licensee licensed pursuant to the provisions of the Oklahoma Producer Licensing Act shall keep at the licensee's place of business the usual and customary records pertaining to transactions authorized by the license. All records as to any particular transactions shall be kept available and...”

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Questions about this source

More Oklahoma sources

• Okla. Stat. tit. 36, ss. 36-1203/1204: Unfair methods of competition and deceptive acts prohibited and definedState statute
• Okla. Stat. tit. 36, s. 36-1435.4: License required for selling, soliciting, or negotiatingState statute
• Okla. Stat. tit. 36, ss. 36-4001 to 36-4023: Standard provisions required in life insurance policiesState statute
• Okla. Stat. tit. 36, s. 36-4405: Accident and health policy provisions (mandatory and optional)State statute
• Oklahoma Statutes Title 36 Article 1 and following - General Provisions (Secs. 36-101 through 36-650)State statute
• Oklahoma Statutes Title 36 Article 12 - Trade Practices and Frauds (Secs. 36-1201 through 36-1260)State statute
• Oklahoma Statutes Title 36 Article 14 - Producer Licensing (Secs. 36-1415.2 through 36-1478)State statute
• Oklahoma Statutes Title 36 Article 36 - The Insurance Contract (Secs. 36-3601 through 36-3651)State statute