Oklahoma Producer Licensing Act (36 O.S. 1435.1 et seq.), current text

What this document is

Oklahoma Statutes Title 36, Article 14A - Oklahoma Producer Licensing Act (36 O.S. 1435.1 et seq.), current text is a state statute published by Oklahoma Supreme Court Network (oscn.net), Oklahoma Statutes Citationized. 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. § 1435.3(A) (Agency of insurance producer - representation in controversy)

  “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 insurer, be regarded as representing the insurer and not the insured or the insured’s beneficiary. This provision shall not affect the apparent...”

• 36 O.S. § 1435.3(A) (Producer regarded as representing the insurer)

  “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 insurer, be regarded as...”

• 36 O.S. § 1435.26(B) (Unlawful acts; assisting a person whose license has been revoked)

  “B. It shall be unlawful for any insurance producer, limited lines producer, managing general agent, or surplus lines insurance broker to assist, aid, or conspire with a person whose license as an insurance producer, limited lines producer, managing general agent, or surplus lines insurance broker,...”

• 36 O.S. § 1435.2(7)

  “Any person not duly licensed as an insurance producer, surplus lines insurance broker, or limited lines producer who solicits a policy of insurance on behalf of an insurer shall be deemed to be acting as an insurance agent within the meaning of the Oklahoma Producer Licensing Act, and shall thereby...”

• 36 O.S. § 1435.2(5)

  ““Insurance” means any of the lines of authority in this title including workers’ compensation insurance. Any insurer approved to offer workers’ compensation insurance may appoint insurance producers. All producers appointed for workers’ compensation insurance products must be licensed as insurance...”

• 36 O.S. § 1435.3(B)

  “Every surplus lines insurance broker who solicits an application for insurance of any kind shall, in any controversy between the insured or the insured’s beneficiary and the insurer issuing any policy upon such application, be regarded as representing the insured or the insured’s beneficiary and not the insurer.”

• 36 O.S. § 1435.5(B)(7)

  “A salaried full-time employee who counsels or advises his or her employer relative to the insurance interests of the employer or of the subsidiaries or business affiliates of the employer, provided that the employee does not sell or solicit insurance or receive a commission; or”

• 36 O.S. § 1435.6(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. § 1435.6(J)

  “An applicant who has failed to pass the examination for the license applied for may take the examination subsequent times. Examination fees for subsequent examinations shall not be waived.”

• 36 O.S. § 1435.7(B)(4)

  “No person whose license as an insurance producer has been revoked by order of the Commissioner, nor any business entity in which such person has a majority ownership interest, whether direct or indirect, owns any interest in the business entity licensed as an insurance producer.”

• 36 O.S. § 1435.8(B)

  “An insurance producer license shall remain in effect unless revoked or suspended as long as the fee set forth in Section 1435.23 of this title is paid and education requirements for resident individual producers are met by the due date.”

• 36 O.S. § 1435.8(D)

  “A licensed insurance producer who is unable to comply with license renewal procedures due to military service or some other extenuating circumstance, such as a long-term medical disability, may request a waiver of those procedures. The producer may also request a waiver of any examination...”

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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, 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 14 - Producer Licensing (Secs. 36-1415.2 through 36-1478)State statute