Okla. Stat. tit. 36, § 36-1435.15

This is the official text of Okla. Stat. tit. 36, § 36-1435.15, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.

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Appointment of producer as agent of insurer - Notice

Official statutory text

of appointment - Discrimination among producers - Penalties.

A. 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.

B. To appoint a producer as its agent, the appointing insurer,

or an authorized representative of the insurer, shall file, in a

format approved by the Insurance Commissioner, a notice of

appointment within fifteen (15) days from the date the agent

contract is executed, or the first insurance application is

submitted. For purposes of this section, an "authorized

representative of the insurer" means a person or entity licensed by

the Commissioner pursuant to the laws of this state who is

authorized in writing by the appointing insurer to file appointments

for the appointing insurer. An insurer or authorized representative

of an insurer may also elect to appoint a producer to all or some

insurers within the insurer's holding company system or group by the

filing of a single appointment request.

C. Upon receipt of the notice of appointment, the Insurance

Commissioner shall verify within a reasonable time not to exceed

thirty (30) days that the insurance producer is eligible for

appointment. If the insurance producer is determined to be

ineligible for appointment, the Commissioner shall notify the

insurer and the authorized representative of the insurer within five

(5) days of its determination.

D. An insurer or authorized representative of an insurer shall

pay an appointment fee, in the amount and method of payment set

forth in Section 1435.23 of this title, for each insurance producer

appointed by the insurer for each insurer for which the insurance

producer is appointed.

Oklahoma Statutes - Title 36. Insurance Page 349

E. It shall be unlawful for any insurer to discriminate among

or between the insurance producers it has appointed. Any person or

company convicted of violating the provisions of this section shall

be guilty of a misdemeanor and shall be punished by the imposition

of a fine of not more than Five Hundred Dollars ($500.00) or

imprisonment in the county jail for not less than six (6) months nor

more than one (1) year, or be punished by both fine and

imprisonment.

Status: in_force · Read it on the official government site

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