Oklahoma § 36-1435.9 - Nonresident producer license

§ 36-1435.9. Nonresident producer license

A. Unless denied licensure pursuant to Section 1435.13 of this

title, a nonresident person shall receive a nonresident producer

license if:

1. The person is currently licensed as a resident and in good

standing in that person's home state;

Oklahoma Statutes - Title 36. Insurance

2. The person has submitted the proper request for licensure

and has paid the fees required by Section 1435.23 of this title;

3. The person has submitted or transmitted to the Insurance

Commissioner the application for licensure that the person submitted

to the person's home state, or in lieu of the same, a completed

Uniform Application; and

4. The person's home state awards nonresident producer licenses

to residents of this state on the same basis.

B. Any nonresident application submitted pursuant to this

section shall constitute the applicant’s designation of the

Insurance Commissioner as the person upon whom may be served all

lawful process in any action, suit, or proceeding instituted by or

on behalf of any interested person arising out of the insurance

business of the applicant in this state. This designation

constitutes an agreement that said service of process is of the same

legal force and validity as personal service of process in this

state upon the nonresident licensee.

C. The Insurance Commissioner may verify the producer's

licensing status through the Producer Database maintained by the

National Association of Insurance Commissioners, its affiliates or

subsidiaries.

D. A nonresident producer who moves from one state to another

state or a resident producer who moves from this state to another

state shall file a change of address and provide certification from

the new resident state within thirty (30) days of the change of

legal residence.

E. Notwithstanding any other provision of the Oklahoma Producer

Licensing Act or of the Oklahoma Insurance Code, a person licensed

as a surplus lines producer in that person's home state shall

receive a nonresident surplus lines producer license pursuant to

subsections A and B of this section.

F. Notwithstanding any other provision of the Oklahoma Producer

Licensing Act, a person licensed as a limited line credit insurance

or other type of limited lines producer in that person's home state

shall receive a nonresident limited lines producer license, pursuant

to subsections A and B of this section, granting the same scope of

authority as granted under the license issued by the producer's home

state. For the purpose of this subsection, limited line insurance

is any authority granted by the home state which restricts the

authority of the license to less than the total authority prescribed

in the associated major lines pursuant to subsection A of Section

1435.8 of this title.

Added by Laws 2001, c. 156, § 9, eff. Nov. 1, 2001. Amended by Laws

2002, c. 307, § 16, eff. Nov. 1, 2002; Laws 2008, c. 184, § 11, eff.

July 1, 2008.