Okla. Stat. tit. 36, § 36-5103: License required - Refusal to issue - Exemption

A. No person, firm, association or corporation shall act as an

RB in this state if the RB maintains an office either directly or as

a member or employee of a firm or association, or an officer,

director or employee of a corporation:

1. In this state, unless the RB is a licensed producer in this

state; or

2. In another state, unless the RB is a licensed producer in

this state or another state having a law substantially similar to

this law or the RB is licensed in this state as a nonresident

reinsurance intermediary.

B. No person, firm, association or corporation shall act as an

RM:

1. For a reinsurer domiciled in this state, unless the RM is a

licensed producer in this state;

2. In this state, if the RM maintains an office either directly

or as a member or employee of a firm or association, or an officer,

director or employee of a corporation in this state, unless the RM

is a licensed producer in this state; or

3. In another state for a nondomestic insurer, unless the RM is

a licensed producer in this state or another state having a law

substantially similar to this law or the person is licensed in this

state as a nonresident reinsurance intermediary.

C. The Insurance Commissioner may require an RM subject to the

provisions of subsection B of this section to:

1. File a bond in an amount from an insurer acceptable to the

Commissioner for the protection of the reinsurer; and

2. Maintain an errors and omissions policy in an amount

acceptable to the Commissioner.

D. 1. The Commissioner may issue a reinsurance intermediary

license to any person, firm, association or corporation who has

complied with the requirements of the Reinsurance Intermediary Act.

Any license issued to a firm or association shall authorize all the

members of the firm or association and any designated employees to

act as reinsurance intermediaries pursuant to the license, and all

such persons shall be named in the application and any supplements

thereto. Any license issued to a corporation shall authorize all of

the officers, and any designated employees and directors thereof to

act as reinsurance intermediaries on behalf of the corporation, and

all such persons shall be named in the application and any

supplements thereto.

2. If the applicant for a reinsurance intermediary license is a

nonresident, the applicant, as a condition precedent to receiving or

holding a license, shall designate the Commissioner as agent for

service of process in the manner, and with the same legal effect,

provided for by the Reinsurance Intermediary Act for designation of

service of process upon surplus lines insurers; and also shall

furnish the Commissioner with the name and address of a resident of

this state upon whom notices or orders of the Commissioner or

process affecting the nonresident reinsurance intermediary may be

served. The licensee shall promptly notify the Commissioner in

writing of every change in its designated agent for service of

process, and such change shall not become effective until

acknowledged by the Commissioner.

E. The Commissioner may refuse to issue a reinsurance

intermediary license if, in the judgment of the Commissioner, the

applicant, any one named on the application, or any member,

principal, officer or director of the applicant, or that any

controlling person of such applicant, is not trustworthy to act as a

reinsurance intermediary, or that any of the foregoing has given

cause for revocation or suspension of such license, or has failed to

comply with any prerequisite for the issuance of such license. Upon

written request therefor, the Commissioner shall furnish a summary

of the basis for refusal to issue a license, which document shall be

privileged and not subject to the Oklahoma Open Records Act.

F. Licensed attorneys-at-law of this state when acting in their

use for revocation or suspension of such license, or has failed to

comply with any prerequisite for the issuance of such license. Upon

written request therefor, the Commissioner shall furnish a summary

of the basis for refusal to issue a license, which document shall be

privileged and not subject to the Oklahoma Open Records Act.

F. Licensed attorneys-at-law of this state when acting in their

professional capacity as attorneys shall be exempt from this

section.

G. Licenses issued by the Commissioner pursuant to this section

shall be issued for a period of twenty-four (24) months. The

license shall not be issued unless the application for the license

is accompanied by a license fee of One Hundred Dollars ($100.00).

The license shall not be renewed unless the renewal application for

the license is accompanied by a renewal fee of One Hundred Dollars

($100.00).