Okla. Stat. tit. 36, § 36-3003
This is the official text of Okla. Stat. tit. 36, § 36-3003, 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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Application for license; contents; kinds of insurance
Official statutory text
authorized; financial statement; process.
The attorney shall file with the Insurance Commissioner a
verified application for license setting forth and accompanied by:
1. The name of the attorney or attorneys and the title under
which the business is to be conducted, which title shall contain the
name Lloyds, and shall not be so similar to any name or title in use
in this state as to be likely to confuse or deceive.
2. The location of the principal office.
3. The kind or combination of kinds of insurance to be written,
as defined in Article 7, (Kinds of Insurance; Reinsurance; Limits of
Risk) of this Code.
4. A copy of the form of power of attorney by virtue of which
the attorney is to act for and bind the several underwriters, and a
copy of the articles of agreement entered into between the
underwriters themselves and the attorney.
5. The names and addresses of all underwriters, whose number
shall not be less than three.
6. A financial statement showing in detail the assets
contributed or accumulated in the hands of the attorneys-in-fact,
committee of underwriters, trustees, or other officers of such
underwriters at Lloyd's, together with the liabilities incurred and
outstanding and the income received and disbursements made by the
attorney for the underwriters.
7. An instrument executed by each and all of the underwriters
specially empowering the attorney to accept service of process for
each underwriter in any action on any policy or contract of
insurance, and an instrument from the attorney to the Insurance
Commissioner delegating the attorney's powers in this respect to
such Insurance Commissioner.
The attorney shall file with the Insurance Commissioner a
verified application for license setting forth and accompanied by:
1. The name of the attorney or attorneys and the title under
which the business is to be conducted, which title shall contain the
name Lloyds, and shall not be so similar to any name or title in use
in this state as to be likely to confuse or deceive.
2. The location of the principal office.
3. The kind or combination of kinds of insurance to be written,
as defined in Article 7, (Kinds of Insurance; Reinsurance; Limits of
Risk) of this Code.
4. A copy of the form of power of attorney by virtue of which
the attorney is to act for and bind the several underwriters, and a
copy of the articles of agreement entered into between the
underwriters themselves and the attorney.
5. The names and addresses of all underwriters, whose number
shall not be less than three.
6. A financial statement showing in detail the assets
contributed or accumulated in the hands of the attorneys-in-fact,
committee of underwriters, trustees, or other officers of such
underwriters at Lloyd's, together with the liabilities incurred and
outstanding and the income received and disbursements made by the
attorney for the underwriters.
7. An instrument executed by each and all of the underwriters
specially empowering the attorney to accept service of process for
each underwriter in any action on any policy or contract of
insurance, and an instrument from the attorney to the Insurance
Commissioner delegating the attorney's powers in this respect to
such Insurance Commissioner.
Status: in_force · Read it on the official government site
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