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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 36, § 36-6462: License required before commencing business activity –

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Where this section sits in the code
  1. OK Code
  2. Title 36

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.

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.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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