Oklahoma § 36-1473 Agent license - Bond - Errors and omissions policy.

Oklahoma Statutes

§ 36-1473 — Agent license - Bond - Errors and omissions policy.

Oklahoma § 36-1473

Title 36Insurance

This text of Oklahoma § 36-1473 (Agent license - Bond - Errors and omissions policy.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 36, § 36-1473 (2026).

Text

A.No person shall act in the capacity of a managing general agent with respect to risks located in this state for an insurer unless such person is licensed as a producer pursuant to the Oklahoma Producer Licensing Act.

B.No person shall act in the capacity of a managing general agent, representing an insurer domiciled in this state with respect to risks located outside this state, unless such person is licensed as a producer pursuant to the Oklahoma Producer Licensing Act. Provided, such license may be a nonresident license.

C.The Insurance Commissioner may require a bond in the amount acceptable to the Commissioner for the protection of the insurer.

D.The Insurance Commissioner may require the managing general agent to maintain an errors and omissions policy.

Free access — add to your briefcase to read the full text and ask questions with AI

A. No person shall act in the capacity of a managing general agent with respect to risks located in this state for an insurer unless such person is licensed as a producer pursuant to the Oklahoma Producer Licensing Act. B. No person shall act in the capacity of a managing general agent, representing an insurer domiciled in this state with respect to risks located outside this state, unless such person is licensed as a producer pursuant to the Oklahoma Producer Licensing Act. Provided, such license may be a nonresident license. C. The Insurance Commissioner may require a bond in the amount acceptable to the Commissioner for the protection of the insurer. D. The Insurance Commissioner may require the managing general agent to maintain an errors and omissions policy.