Oklahoma Seal

Oklahoma

state commissioner

Glen Mulready

STATE email

Licensing@oid.ok.gov

STATE phone
(405) 521-2828
STATE LICENSE DIVISION ADDRESS

Oklahoma Insurance Department

Appointments & Terminations

Required to report appointments?

Yes

Permits Just-in-time (JIT) appointments?

Yes

Initial appointment deadlines

Within 15 days of contract execution or first business submission

Initial appointment deadline rule

JIT appointments permitted. Appointments must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier

Can be processed via nipr?

Yes

Fees for appointing a resident agency or individual?

$30

Fees for appointing a non resident agency or individual?

$30

Appoint agencies?

Yes

Adjuster appointments via NIPR?

No

Appointment effective date can be specified?

Yes

Appointment effective date rule

Effective date is required. Must not be in the future. Requested effective date may be backdated up to 15 days from the current date. Effective date must not precede effective date of appointee or the appointer license.

State requires appointment renewal?

Yes

Appointment renewals via

Via NIPR

When is the state renewal period?

Nov. 24, 2021 until Dec. 31, 2021

Appointment renewal fee

$30

Terminations processed via NIPR?

Yes

Termination reasons

Voluntary termination; cancelled for cause

Termination date can be specified by carrier?

No

Termination Effective date rule

Date the transaction is processed

Termination fee

No fee

Licensing

Initial individual new license fee

Resident New License Insurance Producer: $60 (All LOAs excluding Variable) Resident New License Limited Lines: $40 Resident New License Surplus Lines Broker: $100 Non Resident New License Insurance Producer: $100 (All LOAs excluding Variable) Non Resident New License Limited Lines: $100 Non Resident New License Surplus Lines Broker: $100

License renewal fee

Resident Renewal Insurance Producer: $60 Resident Renewal Limited Lines: $40 Resident Renewal Surplus Lines Broker: $100 Non Resident Renewal Insurance Producer: $100 Non Resident Renewal Limited Lines: $100 Non Resident Renewal Surplus Lines Broker: $100

When does the resident individual producer license renewal period begin?

90 days before expiration

What is the resident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

When does the nonresident individual producer license renewal period begin?

90 days before expiration

What is the nonresident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

Can a producer use a P.O. Box in their resident or business address?

No

Are individuals required to list their county as part of the address?

Yes

What addresses are required for individual license maintenance?

Residence, Business, and Mailing

State individual licenses include

Third Party Administrator, Risk Retention Group, Viatical Settlement Broker, Life Settlement Broker, Customer Service Representative, Surplus Lines Broker, Bail Bondsman, Property and Casualty, Surplus Lines, Life, Public Adjuster, Title, Consultant. Emergency Adjuster, Insurance Producer, Managing General Agent, Insurance Broker, Motor Service Club, Reinsurance Intermediary Broker, Reinsurance Intermediary Manager, Adjuster, Apprentice Adjuster, Portable Electronics, Temporary Producer, Limited Lines Producer

State broker license rule

Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA

Requires pre licensing courses?

No

Agency

Can a sole proprietor be licensed as an entity?

No

DRLP must have active state license

Yes

DRLPs must cumulatively cover all LOAs in application

No

Agency Licensing renewals

90 days prior to expiration date until expiration date.

Agency License required?

Yes

Affiliations: Indicates if producers selling on behalf of/through an entity must be formally affiliated with that entity and if the entity must notify the department of changes

No

Branch office

License not required but branch must be registered

Adjuster

Requires adjuster license?

Yes

Offers designated home state?

Yes

DHS exam required?

Yes

Reciprocity states

AK, AL, AR, AZ, CT, DE, FL, GA, ID, IN, KY, LA, ME, MI, MN, MS, MT, NC, NH, OR, RI, SC, TX, UT, VT, WA, WV, WY

Which states require an exam for reciprocity?

CA, HI, NV, NM, NY, PR

Independent adjuster LOAS

Property, Casualty, Crime & Fidelity Bonds, Crop / Hail, Workers' Compensation, Multi-Peril Crop

Independent adjuster fees

Adjuster Licensing Fee (One LOA): $30 Adjuster Renewal Fee (One LOA): $30 Adjuster Licensing Fee (Two or More LOAs): $50 Adjuster Renewal Fee (Two or More LOAs): $50 Adjuster Reinstatement Fee (One LOA): $60 Adjuster Reinstatement Fee (Two or More LOAs): $100

Independent adjuster exam required?

Yes

Independent adjuster renewal date

Biennially, on the last day of an individuals birthday. For business entities, refer to the expiration date on the license as the date a renewal is due.

Independent adjuster details

DRLP is required for business entities applying for an adjuster license.

Apprentice adjuster license LOAS

Property, Casualty, PC Personal Lines

Apprentice adjuster license fees

$20

Apprentice adjuster license duration

6 Months

Apprentice adjuster license details

The license is revoked if the period exceeds 180 days, or if the exam is failed twice. The adjuster that the apprentice works with must have the same lines of authority as the apprentice.

Emergency adjuster details

Emergency adjuster fee is $15. Valid for 90 days past the declaration of an emergency. An application must be filled out which requires sponsorship of someone licensed within OK.

Continuing Education

Total hours per renewal period

24

Renewal period

2 years

CE due before license renewal date?

Yes

License renewal date is

Last day of birth month

License renewal year based on...

Year of first license issuance

When is the CE due?

Prior to license expiration. Credits must show up at least 3 days before license renewal.

How long before expiration does state send CE reminder?

90 days prior to expiration date

Exemptions to CE

What if a producer missed the renewal date?

You have one year to reactivate by submitting a new initial application online. A double license fee will be assessed in order to reactivate a license with a lapse. The license number and original expiration date will remain the same. An exam is not required. One must be CE compliant at least 48 hours prior to submitting an application to reactivate their license.

CE instructors get credit for teaching courses?

Yes

Ethics requirements

3 hours ethics, 2 hours Oklahoma legislative updates

Flood-specific CE requirements

3 hours of NFIP course

LTC-specific CE requirements

8-hour initial certification, with 4 hours of LTC-specific training every two years

Annuity-specific CE requirements

One-time, 4-hour course

Regulatory Updates

Exam Vendor Change for Oklahoma

PSI will be Oklahoma's new exam vendor beginning February 15th.

Oklahoma Gets a New Exam Administer

PSI will be the new exam administer for Oklahoma beginning on 2/16/2023

Oklahoma Issues 2022 Company Appointment Renewal Dates

The invoice renewal period for Oklahoma is Nov. 24, 2022 - Jan 2, 2023 4PM CST. The termination deadline was Nov 16, 2022

Oklahoma Sets 2022 Appointment Renewal Dates

The 2022 Oklahoma appointment renewal dates are 11/24/2022 - 12/31/2022. Appointments must be terminated by 11/16/2022 if they are not to be renewed

Oklahoma to Populate Original Appointment Date

Beginning on 10/14/2022 Oklahoma will populate the Original Appointment Date. Previously they were populating the appointment effective date in the PDB.

Oklahoma Insurance Consultant and Customer Service Representative Conversions

Effective 11/1/2022 Oklahoma will require licensed Insurance Consultants and licensed Customer Service Representatives to hold an Insurance Producer license. SBS will complete this conversion automatically for anyone license as a consultant or CSR on the effective date.

Oklahoma Adds Language to Consultant License Requirements

Language has been added to the consultant license in OK. The language states that a producer license is required of any individual or organization consultant. Note that, in OK, the term consultant is used to include brokers as well. Therefore, both brokers and consultants must be licensed as an insurance producer.

Oklahoma Makes Changes to Surplus Lines

Adjustments were made to the surplus lines requirements.

Surplus Lines Alert For Several Jurisdictions

Several states have released key information on Surplus Lines and can be found in the attached document.

FAQs

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