State statute · Oklahoma

Oklahoma Statutes Title 36 Article 12, Secs. 36-1201 through 36-1260: Trade Practices and Frauds

Publisher: Oklahoma State Senate
Edition: Oklahoma Statutes Title 36 - Insurance, official compiled PDF
Last checked: 2026-08-31
Status: US state statute

Edition and licensing notes

Publisher. Oklahoma State Senate (oksenate.gov), Oklahoma Statutes Title 36

Status. US state statute; public domain.

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What this document is

Oklahoma Statutes Title 36 Article 12 - Trade Practices and Frauds (Secs. 36-1201 through 36-1260) is a state statute published by Oklahoma State Senate (oksenate.gov), Oklahoma Statutes Title 36. 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.

36 O.S. § 1208(A) (Judicial Review of Cease and Desist Orders)
“Any person required by an order of the Insurance Commissioner under Section 1207 of this title to cease and desist from engaging in any unfair method of competition or any unfair or deceptive act or practice defined in Section 1204 of this title may obtain a review of such order by filing in the...”
36 O.S. § 1213 (Immunity from Prosecution)
“the person must nonetheless comply with such direction, but shall not thereafter be prosecuted or subjected to any criminal penalty of forfeiture for or on account of any evidence which the person may testify or produce pursuant thereto. No testimony so given or evidence produced shall be received...”
36 O.S. § 1204(2) (False Information and Advertising Generally)
“No person that is not an insurer shall assume or use any name which deceptively infers or suggests that it is an insurer.”
36 O.S. § 1201 (Declaration of Purpose)
“The purpose of this article is to regulate trade practices in the business of insurance in accordance with the intent of Congress as expressed in the Act of Congress of March 9, 1945 (Public Law 15, 79th Congress), by defining, or providing for the determination of, all such practices in this state...”
36 O.S. § 1204(3) (Defamation)
“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 of...”
36 O.S. § 1204(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 or to any other...”
36 O.S. § 1220 (Exclusive Agents - Restrictions)
“No insurance company, including any subsidiary of any such company, may offer any insurance program in this state to exclusive agents without offering the same insurance program through all of its other authorized agents and brokers authorized for similar types of insurance coverage.”
36 O.S. § 1204(5) (False Financial Statements)
“False financial statements. Filing with any supervisory or other public official, or making, publishing, disseminating, circulating or delivering to any person, or placing before the public or causing directly or indirectly, to be made, published, disseminated, circulated, delivered to any person...”
36 O.S. § 1250.3 (Conditions Under Which Acts Constitute Unfair Claims Settlement Practices)
“It is an unfair claim settlement practice for any insurer to commit any act set out in Section 1250.5 of this title, or to commit a violation of any other provision of the Unfair Claims Settlement Practices Act, if: 1. It is committed flagrantly and in conscious disregard of this act or any rules...”
36 O.S. § 1250.5 (Acts Constituting an Unfair Claim Settlement Practice)
“Any of the following acts by an insurer, if committed in violation of Section 1250.3 of this title, constitutes an unfair claim settlement practice exclusive of paragraph 16 of this section which shall be applicable solely to health benefit plans: 1. Failing to fully disclose to first party...”
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. § 1250.5(8)-(9) (Releases and Partial Settlement Drafts)
“8. Requesting a claimant to sign a release that extends beyond the subject matter that gave rise to the claim payment; 9. Issuing checks or drafts in partial settlement of a loss or claim under a specified coverage which contain language releasing an insurer or its insured from its total liability;”

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No. This page summarizes the document and links to the official version. Always rely on the text published by Oklahoma State Senate (oksenate.gov), Oklahoma Statutes Title 36 for the current law.

Practice questions for Oklahoma Life & Health, Oklahoma Property & Casualty cite this document.

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