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

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 1. Insurance Code (Refs & Annos)
Article 14d. Managing General Agents Act
36 Okl.St.Ann. § 1473
§ 1473. Agent license--Bond--Errors and omissions policy
Currentness
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.1
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.

Credits

Laws 1991, c. 134, § 3, eff. July 1, 1991; Laws 2012, c. 44, § 4, eff. Nov. 1, 2012.

Footnotes

1
Title 36, § 1435.1 et seq.
36 Okl. St. Ann. § 1473, OK ST T. 36 § 1473
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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