reglab/housing_qa huggingface dataset:
36 OK Stat § 36-1435.21 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1435.21. Licensure for purposes of writing controlled business prohibited.

|A. The Commissioner shall not grant, renew, continue, or permit to continue any license if the Commissioner finds that the license is being or will be used by the applicant or licensee for the purpose of writing controlled business. "Controlled business" means: |a.insurance written on the interests of the licensee or those of his or her relatives to the second degree or of his or her employer, orb.insurance covering the licensee or relatives of the licensee to the second degree or a corporation, association, or partnership of which the licensee or a member of the licensee’s immediate family is an officer, director, substantial stockholder, partner, associate, or employee, or the officers, directors, substantial stockholders, partners, or employees of such a corporation, association, or partnership. A vendor's or lender's interest in property sold or being sold pursuant to contract or which is security for any loan shall not be deemed for the purpose of this provision to constitute property or an interest of the vendor or lender.B. A license shall be deemed to have been or intended to be used for the purpose of writing controlled business if the Commissioner finds that during any twelve-month period the aggregate commissions earned from controlled business has exceeded twenty-five percent (25%) of the aggregate commissions earned on all business written by the applicant or licensee during the same period.C. The prohibitions contained in this section concerning licensing for the writing of controlled business shall not apply to title insurance producers and limited lines producers.Added by Laws 1997, c. 418, § 63, eff. Nov. 1, 1997. Amended by Laws 2001, c. 156, § 21, eff. Nov. 1, 2001. Renumbered from § 1424.14 of this title by Laws 2001, c. 156, § 35, eff. Nov. 1, 2001.
36 OK Stat § 36-1435.22 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1435.22. Application for customer service representative license or license renewal – Written appointment – Surety protection.

|A. Application for a customer service representative license or license renewal shall be accompanied by a written appointment, which shall remain in effect until expressly terminated in writing, signed by the insurance agent or broker who will supervise the customer service representative, on forms prescribed by the Insurance Commissioner. |B. 1. Prior to issuance of a license as an insurance consultant or surplus lines insurance broker, the applicant shall file with the Commissioner and thereafter, for as long as the license remains in effect, shall keep in force a bond in an amount of not less than Five Thousand Dollars ($5,000.00) and not more than Forty Thousand Dollars ($40,000.00) with an authorized corporate surety approved by the Commissioner. The exact amount of the bond shall be determined pursuant to the rules of the Commissioner and shall be based upon the actual or reasonably estimated premium for policies issued in connection with the services of the licensee. The surety shall notify the Commissioner of any changes in the bond of any licensee. The aggregate liability of the surety for any and all claims on a bond required by the provisions of this subsection shall in no event exceed the amount of the bond. No such bond shall be terminated unless at least thirty (30) days' prior written notice of the termination is given by the surety to the licensee and the Commissioner. Upon termination of the license for which the bond was in effect, the licensee shall notify the surety within ten (10) working days.2. The Commissioner may waive bonding requirements for nonresident surplus lines insurance brokers.3. All surety protection required by the provisions of this section is to inure to the benefit of any party aggrieved by the acts of a consultant or broker arising pursuant to conduct as a licensed insurance consultant or surplus lines insurance broker.Added by Laws 2001, c. 156, § 22, eff. Nov. 1, 2001. Amended by Laws 2002, c. 307, § 18, eff. Nov. 1, 2002.
36 OK Stat § 36-1435.26 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1435.26. Unlawful acts and penalties.

|A. It shall be unlawful for any person whose license to act as an insurance producer, limited lines producer, managing general agent, insurance consultant, surplus lines insurance broker, or customer service representative has been suspended, revoked, surrendered, or refused to do or perform any of the acts of an insurance producer, limited lines producer, managing general agent, insurance consultant, surplus lines insurance broker, or customer service representative. Any person convicted of violating the provisions of this section shall be guilty of a felony and shall be punished by the imposition of a fine of not more than Five Thousand Dollars ($5,000.00) or shall be committed to the custody of the Department of Corrections for not less than one (1) year nor more than five (5) years, or be punished by both said fine and commitment to custody. |B. It shall be unlawful for any insurance producer, limited lines producer, managing general agent, insurance consultant, surplus lines insurance broker, or customer service representative to assist, aid, or conspire with a person whose license as an insurance producer, limited lines producer, managing general agent, insurance consultant, surplus lines insurance broker, or customer service representative has been suspended, revoked, surrendered, or refused to engage in any acts as an insurance producer, limited lines producer, managing general agent, insurance consultant, surplus lines insurance broker, or customer service representative. Any person convicted of violating the provisions of this section shall be guilty of a felony and shall be punished by the imposition of a fine of not more than Five Thousand Dollars ($5,000.00) or shall be committed to the custody of the Department of Corrections for not less than one (1) year nor more than five (5) years, or be punished by both said fine and commitment to custody.C. Except for those persons exempt from licensure, it shall be unlawful for any person to do or perform any of the acts of an insurance producer, limited lines producer, managing general agent, surplus lines insurance broker, insurance consultant, or customer service representative without being duly licensed. Any person 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 said fine and imprisonment.Added by Laws 1997, c. 418, § 75, eff. Nov. 1, 1997. Amended by Laws 2001, c. 156, § 26, eff. Nov. 1, 2001. Renumbered from § 1425.6 of this title by Laws 2001, c. 156, § 35, eff. Nov. 1, 2001.
36 OK Stat § 36-1435.27 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1435.27. Facsimile signature stamp as proof.

|If an insurance producer or insurance producers choose to use a facsimile signature stamp in their business, such stamp shall be proof that the producer or producers have authorized the signing of any documents relating to the business of insurance. |Added by Laws 2001, c. 156, § 27, eff. Nov. 1, 2001.
36 OK Stat § 36-1435.28 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1435.28. Ownership interest by producer in policy – Insurable interest.

|It shall be unlawful for any insurance producer to receive an ownership interest in any policy, by assignment or otherwise, unless the insurance producer has an insurable interest in the life of the insured. |Added by Laws 2001, c. 156, § 28, eff. Nov. 1, 2001.
36 OK Stat § 36-1435.33 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1435.33. Maximum agent’s fees on renewals.

|No life insurance company doing business in the State of Oklahoma shall charge a fee in excess of ten percent (10%) on any agent's renewals collected by said life insurance company. |Added by Laws 1984, c. 173, § 2, emerg. eff. May 7, 1984. Renumbered from § 1424.1 of this title by Laws 2001, c. 156, § 35, eff. Nov. 1, 2001.
36 OK Stat § 36-1435.36 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1435.36. Certain information to be included on license - Term of license.

|A. The name, mailing address of the licensee, expiration date, the line or lines of insurance coverage by the license, and such other information as the Commissioner deems proper for inclusion in the license shall be indicated on the license. |B. All licenses issued pursuant to the provisions of the Insurance Agents Licensing Act shall continue in force not longer than twenty-four (24) months. The renewal dates for the licenses may be staggered throughout the year by notifying licensees in writing of the expiration and renewal date being assigned to the licensees by the Commissioner and by making appropriate adjustment in the biennial licensing fee.Added by Laws 1997, c. 418, § 65, eff. Nov. 1, 1997. Renumbered from § 1424.16 of this title by Laws 2001, c. 156, § 35, eff. Nov. 1, 2001.
36 OK Stat § 36-1435.39 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1435.39. Refusal of license - Fees not refundable.

|A. If the Insurance Commissioner finds that the applicant has not fully met the requirements for licensing, the Commissioner shall refuse to issue the license and promptly notify the applicant and the appointing insurer, when applicable, in writing, of the denial, stating the grounds therefor. |B. If for any reason a license or appointment is not issued or renewed by the Commissioner, all fees accompanying the appointment or application for the license shall be deemed earned and shall not be refundable except as provided in Section 24 of this act.Added by Laws 1997, c. 418, § 77, eff. Nov. 1, 1997. Renumbered from § 1425.8 of this title by Laws 2001, c. 156, § 35, eff. Nov. 1, 2001.
36 OK Stat § 36-1435.41 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1435.41. Providing insurance policy information - Exception.

|A. An insurer shall provide to any insurance producer authorized to sell life, accident or health insurance products, whose appointment has been terminated for any reason other than the reasons set forth in Section 1435.13 of this title, information relating to the policy of the person who purchased a product from such producer if the insured has signed a form authorizing the release of the information. |B. The Insurance Commissioner shall prescribe the form required by subsection A of this section. The form shall be in compliance with federal and state laws and regulations relating to privacy.C. This section shall not apply to any policy sold or serviced by the insurance producer while associated with the insurer's captive distribution system.Added by Laws 2010, c. 201, § 1, eff. Nov. 1, 2010. Amended by Laws 2013, c. 224, § 3, eff. Nov. 1, 2013.
36 OK Stat § 36-1441 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1441. Short title.

|Sections 1 through 13 of this act shall be known and may be cited as the "Third-party Administrator Act". |Added by Laws 1983, c. 89, § 1, eff. Nov. 1, 1983.
36 OK Stat § 36-1441.1 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1441.1. Administrator of certain group self-insurance associations exempted from act.

|The provisions of Section 1441 et seq. of this title shall not apply to administrators of group self-insurance associations created pursuant to Section 103 of Title 85A of the Oklahoma Statutes. |Added by Laws 1988, c. 164, § 1, emerg. eff. May 18, 1988. Amended by Laws 2015, c. 298, § 8, eff. Nov. 1, 2015; Laws 2018, c. 95, § 3, eff. Nov. 1, 2018.
36 OK Stat § 36-1442 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1442. Definitions.

|As used in the Third-party Administrator Act, Section 1441 et seq. of this title: |1. "Administrator" means any person who collects premiums for an insurer or trust or who adjusts or settles claims for an insurer or trust, in connection with life or health insurance coverage, annuities or employee benefit stop loss in this state, but shall not include any person who collects premiums or who adjusts or settles claims under the following circumstances:a.any employer on behalf of the employees of that employer or the employees of one or more subsidiary or affiliated corporations of that employer,b.a union on behalf of its members,c.an insurance company which is licensed to transact insurance business in this state,d.a wholly owned subsidiary of an entity which is subject to the jurisdiction of the Insurance Commissioner,e.an insurance company acting as an insurer with respect to a policy lawfully issued and delivered by said company in and pursuant to the laws of this state,f.a hospital, medical, dental, or optometric service corporation or a health care service organization, including their agents, authorized by the Commissioner to issue contracts in this state pursuant to the provisions of the Oklahoma Insurance Code when engaged in the performance of their duties,g.a life or disability agent or broker who is licensed in this state and whose activities are limited exclusively to the sale of insurance,h.an adjuster licensed in this state for the kinds of business for which he is acting as an adjuster,i.a creditor insuring a debt between the creditor and its debtors on behalf of said creditor's debtors,j.a financial institution which is subject to supervision or examination by federal or state banking authorities,k.a company which issues credit cards and advances credit for and collects premiums or charges from its credit card holders who have authorized said collection, if the company does not adjust or settle claims,l.a person who adjusts or settles claims in the normal course of practice or employment as an attorney-at-law and who does not collect charges or premiums in connection with life or health insurance coverage or annuities,m.any workers' compensation trust, orn.a trust providing benefits to the employees of any political subdivision of a city, county or the state; and2. "Trust" means any trust other than those exempted in paragraph 1 of this section which engages in the business of making contracts of insurance.Added by Laws 1983, c. 89, § 2, eff. Nov. 1, 1983. Amended by Laws 1984, c. 173, § 5, emerg. eff. May 7, 1984; Laws 1987, c. 175, § 15, eff. Nov. 1, 1987; Laws 2008, c. 184, § 15, eff. July 1, 2008; Laws 2013, c. 254, § 26, eff. Jan. 1, 2015.
36 OK Stat § 36-1444 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1444. Payments to administrator - Rights against administrator.

|If an insurer or trust utilizes the services of an administrator pursuant to the terms of a written agreement, the payment to the administrator of any premiums or charges for insurance by or on behalf of the insured shall be deemed to have been received by the insurer or trust. The payment of return premiums or claims by the insurer or trust to the administrator shall not be deemed payment to the insured or claimant until the payments are received by the insured or claimant. Nothing in the Third-party Administrator Act shall limit any right of the insurer or trust against the administrator resulting from failure of the administrator to make payments to the insurer or trust, insureds, or claimants. |Added by Laws 1983, c. 89, § 4, eff. Nov. 1, 1983.
36 OK Stat § 36-1445 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1445. Fiduciary capacity and duties of administrator.

|A. All insurance charges or premiums collected by an administrator for an insurer or trust and all return premiums received from the insurer or trust shall be held by the administrator in a fiduciary capacity. These funds shall be immediately remitted to the person entitled to the funds or shall be deposited promptly in a fiduciary bank account established and maintained by the administrator. |B. If charges or premiums deposited in a fiduciary account have been collected for more than one insurer or trust, the administrator shall keep records showing the deposits to and withdrawals from the account for each insurer or trust. The administrator, upon request of an insurer or trust, shall furnish copies of the records pertaining to deposits to and withdrawals from the account for that insurer or trust.C. The administrator shall not pay any claim by withdrawals from a fiduciary account unless provisions for said withdrawals are included in the written agreement between the insurer or trust and the administrator. The written agreement shall authorize withdrawals by the administrator from the fiduciary account only for:1. Remittance to an insurer or trust entitled to a remittance; or2. Deposit in an account maintained in the name of an insurer or trust; or3. Transfer to and deposit in an account established for payment of claims, as provided for by subsection D of this section; or4. Payment to a group policyholder for remittance to the insurer or trust entitled to such remittance; or5. Payment of commission, fees, or charges to the administrator; or6. Remittance of return premiums to the person entitled to such return premiums.D. All claims paid by the administrator from funds collected on behalf of the insurer or trust shall be paid on drafts, checks or electronic payment authorized by the insurer or trust.Added by Laws 1983, c. 89, § 5, eff. Nov. 1, 1983. Amended by Laws 2021, c. 478, § 11, emerg. eff. May 12, 2021.
36 OK Stat § 36-1446 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1446. Advertising.

|An administrator shall obtain approval from an insurer or trust before publishing any advertising pertaining to the business underwritten by the insurer or trust. For purposes of this section, "publication" includes mailing of advertising material. |Added by Laws 1983, c. 89, § 6, eff. Nov. 1, 1983.
36 OK Stat § 36-1447 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1447. Delivery of written communications to administrator - Compensation of administrator - Use of licensed agents.

|A. Any policies, certificates, booklets, termination notices, or other written communications delivered by the insurer or trust to the administrator for delivery to policyholders shall be delivered by the administrator promptly after receipt of instructions to do so from the insurer or trust. |B. Compensation to an administrator for any policies for which the administrator adjusts or settles claims shall not be contingent upon claims experience. The provisions of this subsection shall not prevent basing the compensation of an administrator on the amount of premiums or charges collected or number of claims paid or processed or the number of covered insureds.C. An administrator shall only use licensed insurance agents to do the business of insurance for trusts or insurers administered by the third-party administrator.Added by Laws 1983, c. 89, § 7, eff. Nov. 1, 1983. Amended by Laws 1987, c. 175, § 16, eff. Nov. 1, 1987.
36 OK Stat § 36-1448 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1448. Administrator's bond - Amount - Requirements - Purpose - limits of cumulative liability - Cancellation.

|A. Every administrator shall be bonded. |B. Prior to issuance of a license as an administrator, the applicant shall file with the Insurance Commissioner and thereafter keep in effect as long as the license remains in effect, a surety bond in an amount sufficient to protect those with whom the administrator deals, as determined by the Insurance Commissioner, which amount shall not be less than Ten Thousand Dollars ($10,000.00), and in a form acceptable to the Insurance Commissioner. The bond is intended to secure performance of the administrator in conformity with the laws, rules and regulations governing third-party administrators. The bond shall be for the benefit of parties injured by the actions of the administrator.C. In no event shall the cumulative liability of the Surety be more than the penal sum of the bond. In no event shall the Surety cancel the bond without first giving thirty (30) days' written notice to the principal and the Insurance Commissioner.Added by Laws 1983, c. 89, § 8, eff. Nov. 1, 1983. Amended by Laws 1987, c. 172, § 2, eff. Nov. 1, 1987; Laws 1988, c. 164, § 2, emerg. eff. May 18, 1988; Laws 1997, c. 418, § 82, eff. Nov. 1, 1997.
36 OK Stat § 36-1449 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1449. Notice and information to be provided to insured individuals.

|A. If the services of an administrator are utilized, the administrator shall provide a written notice to insured individuals advising them of the identities of the administrator, the policyholder, and the insurer or trust. |B. If an administrator collects funds from insured individuals, the administrator, upon request from an insured individual, shall furnish written information as to the amount of any charge or premium specified by the insurer or trust for insurance coverage for the insured individual. This information shall be furnished within ten (10) days after the administrator receives the request for information.Added by Laws 1983, c. 89, § 9, eff. Nov. 1, 1983.
36 OK Stat § 36-1452 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1452. Annual report - Penalties for failure to file - Waiver.

|A. On or before June 1 of each year, all licensed administrators shall file an annual report for the previous calendar year. Any report filed by an administrator with accumulated year-to-date premiums collected or claims paid of Fifty Thousand Dollars ($50,000.00) or more, whichever is greater, shall have been reviewed by a certified public accountant who shall be independent of the administrator. The report shall be subscribed and sworn to by the president and attested to by the secretary or other proper officers substantiating that the information contained in the report is true and factual concerning each of the plans they administer which are governed pursuant to the provisions of the Third-party Administrator Act. The report shall include the name and address of each fund and a statement of fund equity, paid claims by the covered unit, the accumulated year-to-date paid claims, and the year-to-date reserve status. Failure of any third-party administrator to execute and file the annual reports as required by this section shall constitute cause, after notice and opportunity for hearing, for censure, suspension, or revocation of administrator licensure to transact business in this state, or a civil penalty of not less than One Hundred Dollars ($100.00) or more than One Thousand Dollars ($1,000.00) for each occurrence, or both censure, suspension, or revocation and civil penalty. |B. If a licensed administrator has had no business or activity in the past calendar year, has not administered any insurance plans or business in the past calendar year and no funds are under the licensed administrator's oversight and administration, then the licensed administrator shall submit an application for waiver of the annual report described in subsection A of this section on a form prescribed by the Commissioner. Upon applying for a waiver, the administrator shall state under oath that the administrator has had no business, has not administered any funds and the licensee's administration of premiums and claims has been dormant for the past calendar year. The application must be submitted no later than April 1st on the form prescribed by the Commissioner.Added by Laws 1983, c. 89, § 12, eff. Nov. 1, 1983. Amended by Laws 1994, c. 129, § 6, eff. Sept. 1, 1994; Laws 1997, c. 418, § 84, eff. Nov. 1, 1997; Laws 2002, c. 307, § 22, eff. Nov. 1, 2002; Laws 2007, c. 125, § 16, eff. July 1, 2007; Laws 2010, c. 222, § 25, eff. Nov. 1, 2010; Laws 2013, c. 269, § 2, eff. Nov. 1, 2013; Laws 2014, c. 145, § 2, eff. Nov. 1, 2014; Laws 2016, c. 73, § 3, eff. Nov. 1, 2016.
36 OK Stat § 36-1471 (2021)
2021 Oklahoma Statutes|Title 36. Insurance|§36-1471. Short title.

|This act shall be known and may be cited as the "Managing General Agents Act". |Added by Laws 1991, c. 134, § 1, eff. July 1, 1991.