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§ 6717. Qualifications for travel administrators

Oklahoma Statutes AnnotatedTitle 36. InsuranceEffective: November 1, 2021

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 2. Miscellaneous Provisions
Travel Insurance Act
Effective: November 1, 2021
36 Okl.St.Ann. § 6717
§ 6717. Qualifications for travel administrators
A. Notwithstanding any other provisions of law, no person shall act or represent itself as a travel administrator for travel insurance in this state unless that person:
1. Is a licensed property and casualty insurance producer in this state for activities permitted under that producer license;
2. Holds a valid managing general agent license in this state; or
3. Holds a valid third-party administrator license in this state.
B. A travel administrator and its employees are exempt from the licensing requirements of the Insurance Adjuster Licensing Act, Sections 6201 et seq. of this title, for travel insurance it administers.
C. An insurer is responsible for the acts of a travel administrator managing travel insurance underwritten by the insurer, and is responsible for ensuring that the travel administrator maintains all books and records relevant to the insurer, to be made available by the travel administrator to the Insurance Commissioner upon request.

Credits

Laws 2018, c. 159, § 9, eff. Nov. 1, 2018; Laws 2021, c. 84, § 6, eff. Nov. 1, 2021.
36 Okl. St. Ann. § 6717, OK ST T. 36 § 6717
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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