Publication Date
2023-05-17
effective date
2023-11-01
jurisdiction
Oklahoma License Revocation and Surrender
For Non-Residents OK ST T. 36 s 1435.13 (Effective 11/1/2023) - Per 2023 OK S.B. 539(NS) - 1) LICENSE REVOCATION AND SURRENDER: PENALTIES - Replaced minimum penalty amount with information stating that the penalty may not be more than $1,000 for each violation. 2) LICENSE REVOCATION AND SURRENDER: HEARING AND NOTICE - a) Revised notification requirements. b) Deleted information discussing the 90-day notification requirement for terminating a license that has been inactive for 12 months. OK ST T. 36 s 1450 (Effective 11/1/2023) - Per 2023 OK S.B. 553(NS) - 1) THIRD PARTY ADMINISTRATORS: GENERAL REQUIREMENTS - a) Added that the application form and fee must be submitted electronically. b) Deleted requirement that the applicant provide a comprehensive review of the background report by an independent third-party NAIC-approved vendor. c) Deleted requirement for entity to submit independent third-party background reports. d) Added change of information notification requirements. e) Added deadline for responding to Commissioner inquiries. 2) THIRD PARTY ADMINISTRATORS: LICENSE RENEWAL - a) Added that the renewal application form and fee must be submitted electronically. b) Added requirements for license reinstatement. OK ST T. 36 s 6206 (Effective 11/1/2023) - Per 2023 OK S.B. 539(NS) - ADJUSTER LICENSE: GENERAL REQUIREMENTS - Added requirements for using an assumed name. OK ST T. 36 s 6220 (Effective 11/1/2023) - Per 2023 OK S.B. 539(NS) - LICENSE REVOCATION AND SURRENDER: CAUSES FOR REVOCATION - a) Removed the notice and hearing information. b) Revised the actions that may be taken. OK News Release 4-9-2018 (Dated 4/9/2018) - INDIVIDUAL NONRESIDENT LICENSE REQUIREMENTS: EXAMINATION - Deleted outdated examination administrator informatio
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categories
Licensing