Oklahoma § 36-6220.1 - Prohibition on pecuniary interest in construction
Full text of Oklahoma Oklahoma Statutes § 36-6220.1 — Prohibition on pecuniary interest in construction, with citation guidance and answers to common questions.
§ 36-6220.1. Prohibition on pecuniary interest in construction
businesses - Penalties - Exceptions.
A. No adjuster may, directly or indirectly, own or have a
pecuniary interest in any business entity which provides
construction or reconstruction related services on behalf of an
insurance claimant or insured for which the adjuster is providing
services, nor may the adjuster, directly or indirectly, own or have
a pecuniary interest in any other business entity which furnishes
any supplies, material, services, or equipment purchased by or on
behalf of the claimant or insured in settlement of the claim, other
than usual and customary supplies, materials, services, or equipment
utilized in the adjusting process.
B. Any person who violates the provisions of this section shall
be subject to disciplinary action or a civil fine, or both, as set
forth in Section 6220 of this title.
C. This section shall not apply to an adjuster providing
services on a claim which is located in a municipality having a
population of less than six thousand (6,000) persons; provided,
however, the adjuster shall give written disclosure of the potential
conflict of interest to both the insured and insurer prior to the
performance of any adjuster services.
D. The restrictions set forth in subsection A of this section
shall apply regardless of whether the person or entity has obtained
power of attorney from an insurance claimant or has entered into any
other agreement with an insurance claimant to act on the behalf of
the claimant.
Added by Laws 1995, c. 243, § 1, eff. Nov. 1, 1995. Amended by Laws
2015, c. 297, § 6, eff. Nov. 1, 2015; Laws 2019, c. 294, § 11, eff.
Nov. 1, 2019.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-6220.1
What does Oklahoma Statutes § 36-6220.1 cover?
Section 36-6220.1 ("Prohibition on pecuniary interest in construction") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 36-6220.1?
A common citation format is "Oklahoma Statutes § 36-6220.1" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 36-6220.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.