Oklahoma Statutes, Rules, and Regulations Latest 2024 Graded A+

Oklahoma Statutes, Rules, and Regulations Latest 2024 Graded A+ qualifications to be an insurance provider at least 18 years old has not committed any act that is ground for denial, suspension or revocation of a license pass the required license exam pay the required license fees requirement of entity to be insurance producer has paid required fees designated a licensed producer responsible for its compliance with the insurance laws is organized in compliance with the state laws exemptions from the requirement of an exam nonresident producers moving to this state and applies for a resident license within 90 days of legal residence limited lines producer title insurance producers licensed prior to november 1, 2006 when applying for an aircraft title producer license licensing fees that are collected in advance 60$ for a producers license and general agent license biennially 40$ for a limited lines produce or customer service representatives license biennially 20$ for a temporary producers license $100 biennially for a surplus lines brokers license duplicate license fees (half amt of original license fee) late application fees (doubt amount of license fee) renewal fees for all licenses (equal to initial fee) producer person licensed to sell, solicit or negotiate insurance. synonymous with insurance agent consultant individual or entity that offers advice, counsel or service with respect to benefits, advantages, disadvantages of an insurance contract for a fee qualifications for consultant been an agent for 3 years not legal to be consultant and agent at the same time license is valid for 24 months and is renewed biennially an agreement outlining the nature of the work to be performed must be signed by both the consultant and client and copies must be kept for 3 years limited lines producer individual or partnership or corporation who is authorized by the commissioner to solicit contracts for a particular line of insurance. limited lines of insurance include but are not limited to credit insurance, crop insurance, travel insurance, baggage insurance and surety insurance managing general agent individual, partnership, or entity that is appointed to supervise the business of one or more insurers in oklahoma. have the authority to appoint and terminate agents for the insurer resident producer domiciled in the state and duly licensed by the oklahoma insurance department nonresident producer individual who is a resident agent in a state other than oklahoma. can be licensed as an insurance agent if the oklahoma licensing requirements are met, as long as the home state of the agent gives oklahoma residents the same privilege (reciprocity) return of license any licensed individual who no longer maintains residency in this state must return the insurance license to the commissioner by personal delivery or mail with return receipt, no longer than 10 days after terminating residency. temporary license commissioner may issue a temporary agent license for a max period of 180 days without requiring a written exam under certain circumstances. a temporary license cannot continue if the business is sold, or if the applicant fails the written exam. the commissioner may renew the temporary license once for good cause maintenance producers license remain in effect unless suspended or revoked as long as the education requirements are met by the biennially due date. producers