A. All applications shall be accompanied by the applicable fees. An appointment may be deemed by the Commissioner to have terminated upon failure by the insurer to pay the prescribed renewal fee. The Commissioner may also by order impose a civil penalty equal to double the amount of the unpaid renewal fee. The Insurance Commissioner shall collect in advance the following fees and licenses: 1. For filing appointment of Insurance Commissioner as agent for service of process..... $ 20.00 2. Miscellaneous: a. Insurance producer's study manual: (1) Life, Accident & Health.......... not to exceed $ 40.00 (2) Property and Casualty............ not to exceed $ 40.00 b. For filing organizational documents of an entity applying for a license as an insurance producer.......................... $ 20.00 3. Examination for license: For each examination covering laws and one or more lines of insurance.... not to exceed $100.00 4. Licenses: a. Insurance producer's biennial license....... $ 60.00 b. Nonresident insurance producer's biennial license............................ $100.00 c. Insurance producer's biennial license for sale or solicitation of variable insurance products.......................... $ 60.00 d. Limited lines producer biennial license..... $ 40.00 e. Nonresident limited lines producer biennial license............................ $100.00 f. (1) Car rental limited lines biennial license, one or two locations, resident or nonresident................ $ 40.00 (2) Car rental limited lines biennial license, three or more locations, resident or nonresident................ $500.00 g. Temporary license as agent.................. $ 20.00 h. Managing general agent's biennial license..................................... $ 60.00 i. Surplus lines broker's biennial license..... $100.00 j. Insurance vending machine, each machine, biennial fee................................ $100.00 5. Annual fee for each appointed insurance producer, managing general agent, or limited lines producer by insurer, each license of each insurance producer or representative......... $30.00 6. Renewal fee for all licenses shall be the same as the current initial license fee. 7. The fee for a duplicate license shall be one-half (1/2) the fee of an original license. 8. The renewal of a license shall require a fee of double the current original license fee if the application for renewal is late, or incomplete on the renewal deadline. 9. The administrative fee for submission of a change of legal name or address more than thirty (30) days after the change occurred shall be Fifty Dollars ($50.00). B. If for any reason an insurance producer license or appointment is not issued or renewed by the Commissioner, all fees accompanying the appointment or application for the license shall be deemed earned and shall not be refundable except as provided in Section 352 of this title. C. The Insurance Commissioner, by order, may waive licensing fees in extraordinary circumstances for a class of producers where the Commissioner deems that the public interest will be best served. Added by Laws 1980, c. 164, § 5, emerg. eff. April 15, 1980. Amended by Laws 1981, c. 230, § 3, emerg. eff. June 22, 1981; Laws 1982, c. 221, § 2, operative Oct. 1, 1982; Laws 1983, c. 90, § 3, emerg. eff. May 9, 1983; Laws 1983, c. 248, § 6, emerg. eff. June 21, 1983; Laws 1984, c. 173, § 3, emerg. eff. May 7, 1984; Laws 1984, c. 215, § 4, operative June 30, 1984; Laws 1985, c. 179, § 96, operative July 1, 1985; Laws 1985, c. 258, § 2, eff. Nov. 1, 1985; Laws 1987, c. 208, § 73, operative July 1, 1987; Laws 1987, c. 236, § 90, emerg. eff. July 20, 1987; Laws 1988, c. 116, § 3, eff. Nov. 1, 1988; Laws 1988, c. 204, § 2, operative July 1, 1988; Laws 1993, c. 270, § 38, eff. Sept. 1, 1993; Laws 1994, c. 337, § 1, eff. Sept. 1, 1994; Laws 1995, c. 1, § 11, emerg. eff. March 2, 1995; Laws 1996, c. 246, § 4, eff. July 1, 1996; Laws 1997, c. 418, § 69, eff. Nov. 1, 1997; Laws 2001, c. 156, § 23, eff. Nov. 1, 2001. Renumbered from § 1425 of this title by Laws 2001, c. 156, § 35, eff. Nov. 1, 2001. Amended by Laws 2002, c. 307, § 19, eff. Nov. 1, 2002; Laws 2006, c. 264, § 47, eff. July 1, 2006; Laws 2007, c. 125, § 14, eff. July 1, 2007; Laws 2008, c. 184, § 13, eff. July 1, 2008; Laws 2009, c. 176, § 29, eff. Nov. 1, 2009; Laws 2009, c. 432, § 12, eff. July 1, 2009; Laws 2011, c. 242, § 5; Laws 2011, c. 278, § 24; Laws 2011, c. 293, § 5, emerg. eff. June 20, 2011; Laws 2011, c. 360, § 23; Laws 2013, c. 224, § 2, eff. Nov. 1, 2013; Laws 2022, c. 225, § 5, eff. Nov. 1, 2022. NOTE: Laws 2011, c. 242, § 5 and Laws 2011, c. 293, § 5 made identical changes to this section. Laws 2011, c. 360, § 23 amended Laws 2011, c. 242, § 5, creating a version identical to Laws 2011, c. 278, § 24. NOTE: Laws 1994, c. 272, § 4 and Laws 1994, c. 294, § 2 repealed by Laws 1995, c. 1, § 40, emerg. eff. March 2, 1995. Laws 1997, c. 133, § 447 repealed by Laws 1999, 1st Ex. Sess., c. 5, § 452, eff. July 1, 1999.
‹ Prev All Oklahoma sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.