Oklahoma § 36-6462 - License required before commencing business activity –
Full text of Oklahoma Oklahoma Statutes § 36-6462 — License required before commencing business activity –, with citation guidance and answers to common questions.
§ 36-6462. License required before commencing business activity –
Soliciting liability insurance for purchasing groups.
A. No person, firm, association or corporation shall act or aid
in any manner in soliciting, negotiating, or procuring liability
insurance in this state from a risk retention group unless such
person, firm, association or corporation is licensed as an insurance
agent or a broker, pursuant to the Oklahoma Insurance Code.
B. 1. No person, firm, association or corporation shall act or
aid in any manner in soliciting, negotiating, or procuring liability
insurance coverage in this state for a purchasing group from an
authorized insurer or a risk retention group unless such person,
firm, association or corporation is licensed as an insurance agent a
broker pursuant to the Oklahoma Insurance Code.
2. No person, firm, association or corporation shall act or aid
in any manner in soliciting, negotiating, or procuring liability
insurance coverage in this state from any member of a purchasing
group under a policy of a purchasing group unless such person, firm,
association or corporation is licensed as an insurance agent or a
broker pursuant to the Oklahoma Insurance Code.
3. No person, firm, association or corporation shall act or aid
in any manner in soliciting, negotiating or procuring liability
insurance from an insurer not authorized to do business in this
state on behalf of a purchasing group located in this state unless
the person, firm, association or corporation is licensed as a
surplus lines agent or excess line broker pursuant to the Oklahoma
Insurance Code.
C. For purposes of acting as an agent or broker for a risk
retention group or purchasing group pursuant to subsections A and B
of this section, the requirement of residence in this state shall
not apply.
Oklahoma Statutes - Title 36. Insurance
D. Every person licensed as an agent or broker as required in
this section, on business placed with risk retention groups or
written through a purchasing group, shall inform each prospective
insured of the provisions of the notice required by the Oklahoma
Risk Retention Act.
Added by Laws 1987, c. 157, § 12, emerg. eff. June 25, 1987.
Amended by Laws 2004, c. 334, § 7, emerg. eff. May 25, 2004; Laws
2021, c. 314, § 12, eff. Nov. 1, 2021.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-6462
What does Oklahoma Statutes § 36-6462 cover?
Section 36-6462 ("License required before commencing business activity –") 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 § 36-6462?
A common citation format is "Oklahoma Statutes § 36-6462" (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 § 36-6462 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.