{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-6459","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-6459","heading":"Effectuation of purchase through licensed broker or agent","body":"– Notice of risks not covered – Deductibles or self-insured\n\nretention – Aggregate limits standards.\n\nA. A purchasing group shall not purchase insurance from a risk\n\nretention group that is not chartered in a state or from an insurer\n\nnot licensed to transact insurance in this state, unless the\n\npurchase is effected through a licensed agent or broker acting\n\npursuant to the surplus lines laws and regulations of this state.\n\nB. A purchasing group which obtains liability insurance from an\n\ninsurer not admitted in this state or a risk retention group shall\n\ninform each of the members of the group which has a risk resident or\n\nlocated in this state that the risk is not protected by an insurance\n\ninsolvency guaranty fund in this state and that the risk retention\n\ngroup or the insurer may not be subject to all insurance laws and\n\nregulations of this state.\n\nC. No purchasing group may purchase insurance providing for a\n\ndeductible or self-insured retention applicable to the group as a\n\nwhole. However, coverage may provide for a deductible or self-\n\ninsured retention applicable to individual members.\n\nD. Purchases of insurance by purchasing groups are subject to\n\nthe same standards regarding aggregate limits which are applicable\n\nto all purchases of group insurance.","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":"fa96c0b31fd01cc303895621f2d15406ff3b18a68156f433ab7915e8633321a5","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-6458","next":"us-ok/okla.-stat.-tit.-36-36-6459.1"},"notice":"GroundRules: Original legal text. Not legal advice."}