Oklahoma § 36-2733.1 - Licensing of agents

§ 36-2733.1. Licensing of agents

A. Agents of societies shall be licensed in accordance with the

provisions of Article 14A of the Insurance Code regulating the

licensing, revocation, suspension or termination of licenses of

resident and nonresident agents; provided, no examination shall be

required of any such agent licensed prior to the effective date of

this act.

B. No examination or license shall be required of any regular

salaried officer, employee or member of a licensed society who

devotes substantially all of his or her services to activities other

than the solicitation of fraternal insurance contracts from the

public, and who receives for the solicitation of such contracts no

commission or other compensation directly dependent upon the amount

of business obtained.

C. Any agent or representative of a society who devotes, or

intends to devote, less than fifty percent (50%) of his or her time

to solicitation and procurement of insurance contracts for the

society shall be exempt from the requirements of subsection A of

this section. Provided, however, any person who in the immediately

preceding calendar year solicited and procured life insurance

contracts on behalf of any society in an amount of insurance in

excess of Fifty Thousand Dollars ($50,000.00), or, in the case of

any other kinds of insurance which the society writes, on the

persons of more than twenty-five individuals, and who received or

will receive a commission or other compensation therefor, is

presumed to be devoting or intending to devote fifty percent (50%)

of his or her time to the solicitation or procurement of insurance

contracts for the society.

Added by Laws 1992, c. 76, § 33, eff. Jan. 1, 1993.