{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-5103","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-5103","heading":"License required - Refusal to issue - Exemption","body":"A. No person, firm, association or corporation shall act as an\n\nRB in this state if the RB maintains an office either directly or as\n\na member or employee of a firm or association, or an officer,\n\ndirector or employee of a corporation:\n\n1. In this state, unless the RB is a licensed producer in this\n\nstate; or\n\n2. In another state, unless the RB is a licensed producer in\n\nthis state or another state having a law substantially similar to\n\nthis law or the RB is licensed in this state as a nonresident\n\nreinsurance intermediary.\n\nB. No person, firm, association or corporation shall act as an\n\nRM:\n\n1. For a reinsurer domiciled in this state, unless the RM is a\n\nlicensed producer in this state;\n\n2. In this state, if the RM maintains an office either directly\n\nor as a member or employee of a firm or association, or an officer,\n\ndirector or employee of a corporation in this state, unless the RM\n\nis a licensed producer in this state; or\n\n3. In another state for a nondomestic insurer, unless the RM is\n\na licensed producer in this state or another state having a law\n\nsubstantially similar to this law or the person is licensed in this\n\nstate as a nonresident reinsurance intermediary.\n\nC. The Insurance Commissioner may require an RM subject to the\n\nprovisions of subsection B of this section to:\n\n1. File a bond in an amount from an insurer acceptable to the\n\nCommissioner for the protection of the reinsurer; and\n\n2. Maintain an errors and omissions policy in an amount\n\nacceptable to the Commissioner.\n\nD. 1. The Commissioner may issue a reinsurance intermediary\n\nlicense to any person, firm, association or corporation who has\n\ncomplied with the requirements of the Reinsurance Intermediary Act.\n\nAny license issued to a firm or association shall authorize all the\n\nmembers of the firm or association and any designated employees to\n\nact as reinsurance intermediaries pursuant to the license, and all\n\nsuch persons shall be named in the application and any supplements\n\nthereto. Any license issued to a corporation shall authorize all of\n\nthe officers, and any designated employees and directors thereof to\n\nact as reinsurance intermediaries on behalf of the corporation, and\n\nall such persons shall be named in the application and any\n\nsupplements thereto.\n\n2. If the applicant for a reinsurance intermediary license is a\n\nnonresident, the applicant, as a condition precedent to receiving or\n\nholding a license, shall designate the Commissioner as agent for\n\nservice of process in the manner, and with the same legal effect,\n\nprovided for by the Reinsurance Intermediary Act for designation of\n\nservice of process upon surplus lines insurers; and also shall\n\nfurnish the Commissioner with the name and address of a resident of\n\nthis state upon whom notices or orders of the Commissioner or\n\nprocess affecting the nonresident reinsurance intermediary may be\n\nserved. The licensee shall promptly notify the Commissioner in\n\nwriting of every change in its designated agent for service of\n\nprocess, and such change shall not become effective until\n\nacknowledged by the Commissioner.\n\nE. The Commissioner may refuse to issue a reinsurance\n\nintermediary license if, in the judgment of the Commissioner, the\n\napplicant, any one named on the application, or any member,\n\nprincipal, officer or director of the applicant, or that any\n\ncontrolling person of such applicant, is not trustworthy to act as a\n\nreinsurance intermediary, or that any of the foregoing has given\n\ncause for revocation or suspension of such license, or has failed to\n\ncomply with any prerequisite for the issuance of such license. Upon\n\nwritten request therefor, the Commissioner shall furnish a summary\n\nof the basis for refusal to issue a license, which document shall be\n\nprivileged and not subject to the Oklahoma Open Records Act.\n\nF. Licensed attorneys-at-law of this state when acting in their\nuse for revocation or suspension of such license, or has failed to\n\ncomply with any prerequisite for the issuance of such license. Upon\n\nwritten request therefor, the Commissioner shall furnish a summary\n\nof the basis for refusal to issue a license, which document shall be\n\nprivileged and not subject to the Oklahoma Open Records Act.\n\nF. Licensed attorneys-at-law of this state when acting in their\n\nprofessional capacity as attorneys shall be exempt from this\n\nsection.\n\nG. Licenses issued by the Commissioner pursuant to this section\n\nshall be issued for a period of twenty-four (24) months. The\n\nlicense shall not be issued unless the application for the license\n\nis accompanied by a license fee of One Hundred Dollars ($100.00).\n\nThe license shall not be renewed unless the renewal application for\n\nthe license is accompanied by a renewal fee of One Hundred Dollars\n\n($100.00).","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":"e68e70670a0b8e92ba5deb51c5b5181c1f59abf9faa4e75f8a356b759f75ec07","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-5102","next":"us-ok/okla.-stat.-tit.-36-36-5104"},"notice":"GroundRules: Original legal text. Not legal advice."}