Oklahoma § 36-6459 - Effectuation of purchase through licensed broker or agent
Full text of Oklahoma Oklahoma Statutes § 36-6459 — Effectuation of purchase through licensed broker or agent, with citation guidance and answers to common questions.
§ 36-6459. Effectuation of purchase through licensed broker or agent
– Notice of risks not covered – Deductibles or self-insured
retention – Aggregate limits standards.
A. A purchasing group shall not purchase insurance from a risk
retention group that is not chartered in a state or from an insurer
not licensed to transact insurance in this state, unless the
purchase is effected through a licensed agent or broker acting
pursuant to the surplus lines laws and regulations of this state.
B. A purchasing group which obtains liability insurance from an
insurer not admitted in this state or a risk retention group shall
inform each of the members of the group which has a risk resident or
located in this state that the risk is not protected by an insurance
insolvency guaranty fund in this state and that the risk retention
group or the insurer may not be subject to all insurance laws and
regulations of this state.
C. No purchasing group may purchase insurance providing for a
deductible or self-insured retention applicable to the group as a
Oklahoma Statutes - Title 36. Insurance
whole. However, coverage may provide for a deductible or selfinsured retention applicable to individual members.
D. Purchases of insurance by purchasing groups are subject to
the same standards regarding aggregate limits which are applicable
to all purchases of group insurance.
Added by Laws 1987, c. 157, § 9, emerg. eff. June 25, 1987. Amended
by Laws 1991, c. 146, § 7, eff. Sept. 1, 1991; Laws 2003, c. 150, §
7, eff. Nov. 1, 2003; Laws 2004, c. 334, § 6, emerg. eff. May 25,
2004; Laws 2021, c. 314, § 9, eff. Nov. 1, 2021.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-6459
What does Oklahoma Statutes § 36-6459 cover?
Section 36-6459 ("Effectuation of purchase through licensed broker or agent") 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 § 36-6459?
A common citation format is "Oklahoma Statutes § 36-6459" (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 § 36-6459 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.