State statute · Oklahoma
Oklahoma Statutes Title 36 Article 14, Secs. 36-1415.2 through 36-1478: Producer Licensing
Edition and licensing notes
Publisher. Oklahoma State Senate (oksenate.gov), Oklahoma Statutes Title 36
Status. US state statute; public domain.
What this document is
Oklahoma Statutes Title 36 Article 14 - Producer Licensing (Secs. 36-1415.2 through 36-1478) 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. § 1435.11 (Use of assumed name)
“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.”
- 36 O.S. § 1435.13(C) (Suspension, Revocation or Refusal – Business Entity Licenses)
“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. § 1435.29(B)(3) (Prelicensing and Continuing Education – Professional Designation Programs)
“An insurance producer who, during the time period prior to renewal, participates in a professional designation program, approved by the Insurance Commissioner, shall be deemed to have met the biennial requirement for continuing education.”
- 36 O.S. § 1435.3(C)(1) (Commissions - termination on revocation for cause)
“1. The insurance producer’s license to engage in accident and health insurance business is terminated or revoked by the State of Oklahoma or any other public authority for cause. As used in this paragraph, "cause" shall be defined as perpetration by the insurance producer of fraud or embezzlement;”
- 36 O.S. § 1435.6 (Examinations)
“E. If the applicant is a legal entity, the examination shall be taken by each individual who is to act for the entity as a licensee.”
- 36 O.S. § 1435.15 (Appointment of Producer as Agent of Insurer)
“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 required to become appointed.”
- 36 O.S. § 1435.8(C) (Continuation and Reinstatement of Producer License)
“An individual insurance producer who allows the license to lapse may, within twelve (12) months from the due date of the renewal fee, reinstate the same license without the necessity of passing a written examination unless the license was revoked, suspended, or continuation thereof was refused by...”
- 36 O.S. § 1435.23(A)(8) (License fees: late or incomplete renewal)
“The renewal of a license shall require a fee of double the current original license fee if the application for renewal is late, or incomplete on the renewal deadline.”
- 36 O.S. § 1435.2(9) (Producer Licensing Act definitions - "License")
“9. "License" means a document issued by the Insurance Commissioner of this state authorizing a person to act as an insurance producer for the lines of authority specified in the document. The license itself does not create any authority, actual, apparent or inherent, in the holder to represent or...”
- 36 O.S. § 1435.5 (When License Not Required)
“B. A license as an insurance producer shall not be required of the following: 1. An officer, director or employee of an insurer or of an insurance producer, provided that the officer, director or employee does not receive any commission on policies written or sold to insure risks residing, located...”
- 36 O.S. § 1435.9(B) (Nonresident producer license: designation for service of process)
“Any nonresident application submitted pursuant to this section shall constitute the applicant’s designation of the Insurance Commissioner as the person upon whom may be served all lawful process in any action, suit, or proceeding instituted by or on behalf of any interested person arising out of...”
- 36 O.S. § 1435.10 (Exemptions from Examination Requirement)
“B. A person licensed as an insurance producer in another state who moves to this state shall make application to become a resident licensee within ninety (90) days of establishing legal residence in Oklahoma. No examination or continuing education shall be required of that person to obtain resident...”
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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, s. 36-1435.13: Suspension, revocation, or refusal to issue or renew licenseState 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 36 - The Insurance Contract (Secs. 36-3601 through 36-3651)State statute