{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-2127","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-2127","heading":"Management and exclusive agency contracts","body":"A. No domestic stock or mutual insurer shall make any contract\n\nwhereby any person or persons is granted or is to enjoy in fact the\n\nmanagement of the insurer, or to have the controlling or preemptive\n\nright to produce substantially all insurance business for the\n\ninsurer for an amount which will equal or exceed five percent (5%)\n\nof the insurer's net written premium, unless such contract is filed\n\nwith the Commissioner and be subject to his approval. The contract\n\nshall be deemed approved unless disapproved by the Commissioner\n\nwithin twenty (20) days after date of filing, subject to such\n\nreasonable extension of time as the Commissioner may require by\n\nnotice given within such twenty (20) days. Any disapproval shall be\n\ndelivered to the insurer in writing, stating the grounds therefor.\n\nB. The Commissioner shall disapprove any such contract if he\n\nfinds that it:\n\n1. Subjects the insurer to excessive charges; or\n\n2. Is to extend for an unreasonable length of time; or\n\n3. Does not contain fair and adequate standards of performance;\n\nor\n\n4. Contains other inequitable provisions or provisions which\n\nimpair the proper interests of stockholders or members of the\n\ninsurer.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"43ddb344b26dede4baabfb92a18015265f33236ca6c90e0be414e142d543cc85","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-2126.4","next":"us-ok/okla.-stat.-tit.-36-36-2128"},"notice":"GroundRules: Original legal text. Not legal advice."}