Okla. Stat. tit. 36, § 36-1435.8

- Reinstatement - Contracting by Insurance Commissioner with

nongovernmental entities.

A. Unless denied licensure pursuant to Section 1435.13 of this

title, persons who have met the requirements of Sections 1435.6 and

1435.7 of this title shall be issued an insurance producer license.

An insurance producer may receive qualification for a license in one

or more of the following lines of authority:

1. Life - insurance coverage on human lives including benefits

of endowment and annuities, and may include benefits in the event of

death or dismemberment by accident and benefits for disability

income;

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2. Accident and health or sickness - insurance coverage for

sickness, bodily injury or accidental death and may include benefits

for disability income;

3. Property - insurance coverage for the direct or

consequential loss or damage to property of every kind;

4. Casualty - insurance coverage against legal liability,

including that for death, injury or disability or damage to real or

personal property;

5. Variable life and variable annuity products - insurance

coverage provided under variable life insurance contracts and

variable annuities;

6. Personal lines - property and casualty insurance coverage

sold to individuals and families for primarily noncommercial

purposes;

7. Commercial lines – property and casualty insurance coverage

sold to businesses for primarily commercial purposes;

8. Credit - limited line credit insurance;

9. Title insurance – insurance coverage that insures or

guarantees the title to real or personal property or any interest

therein or encumbrance thereon;

10. Aircraft title insurance – insurance coverage that protects

an aircraft owner or lender against loss of the aircraft or priority

security position in the event of a successful adverse claim on the

title to an aircraft; and

11. Any other line of insurance permitted under state laws or

regulations.

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.

C. 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 the Commissioner.

However, a penalty in the amount of double the unpaid renewal fee

shall be required for any renewal fee received after the due date.

Continuing education requirements must be kept current.

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 requirement or any other fine or

sanction imposed for failure to comply with renewal procedures.

E. The license shall contain the licensee's name, physical

residential address, physical business address, preferred mailing

address, personal identification number, and the date of issuance,

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the lines of authority, the expiration date and any other

information the Insurance Commissioner deems necessary.

F. Licensees shall inform by any means acceptable to the

Insurance Commissioner of a change of legal name, address, or e-mail

address within thirty (30) days of the change to permit the

Insurance Commissioner to give proper notice to licensees. A change

in legal name or address submitted more than thirty (30) days after

the change must include an administrative fee of Fifty Dollars

($50.00). Failure to provide acceptable notification of a change of
Insurance Commissioner of a change of legal name, address, or e-mail

address within thirty (30) days of the change to permit the

Insurance Commissioner to give proper notice to licensees. A change

in legal name or address submitted more than thirty (30) days after

the change must include an administrative fee of Fifty Dollars

($50.00). Failure to provide acceptable notification of a change of

legal name or address to the Insurance Commissioner within forty-

five (45) days of the date the administrative fee is assessed shall

result in penalties pursuant to Section 1435.13 of this title.

G. In order to assist in the performance of the Insurance

Commissioner's duties, the Insurance Commissioner may contract with

nongovernmental entities, including the National Association of

Insurance Commissioners (NAIC) or any affiliates or subsidiaries

that the NAIC oversees, to perform any ministerial functions,

including the collection of fees, related to producer licensing that

the Insurance Commissioner and the nongovernmental entity may deem

appropriate.

H. The Commissioner may participate, in whole or in part, with

the National Association of Insurance Commissioners, or any

affiliates or subsidiaries the National Association of Insurance

Commissioners oversees, in a centralized producer license registry

where insurance producer licenses and appointments may be centrally

or simultaneously effected for all states that require an insurance

producer license and participate in such centralized producer

license registry. If the Commissioner finds that participation in

such a centralized producer license registry is in the public

interest, the Commissioner may adopt by rule any uniform standards

or procedures as are necessary to participate in the registry. This

includes the central collection of all fees for licenses or

appointments that are processed through the registry.