Chapter 25. Other Licensees  


Subchapter 1. General Provisions
SECTION 365:25-1-1. Purpose
SECTION 365:25-1-2. Severability
Subchapter 3. Producers, Brokers, Limited Lines Producers and Vehicle Protection Product Warrantors
SECTION 365:25-3-1.1. Application for resident producer license [revoked]
SECTION 365:25-3-1.2. Provisional producer licensees [revoked]
SECTION 365:25-3-1.3. Approved insurance company training program [revoked]
SECTION 365:25-3-1. Insurance producers continuing education
SECTION 365:25-3-1.4. Producer training requirements for long-term care insurance
SECTION 365:25-3-2. Insurance agency name [revoked]
SECTION 365:25-3-3. Licensing of incorporated insurance agency
SECTION 365:25-3-4. Knowledge of producer imputed to the insurer
SECTION 365:25-3-5. Relating to the use of pictures of the Insurance Commissioner and/or insurance department personnel and/or any other pictorial or printed material of the Insurance Commissioner's office as promotional material in the sale of stock, subscriptions to stock, or policies of insurance by companies with the State of Oklahoma
SECTION 365:25-3-6. Management and commission contracts; approval by Insurance Commissioner [revoked]
SECTION 365:25-3-7. Advance commissions to officers
SECTION 365:25-3-8. Inducement of lapse, surrender or cancellation of existing permanent life insurance coverages prohibited
SECTION 365:25-3-9. "Twisting" defined and prohibited
SECTION 365:25-3-10. Participating contracts of life insurance
SECTION 365:25-3-11. Motor service club agent's license [revoked]
SECTION 365:25-3-12. Insurance consultants and surplus lines insurance brokers
SECTION 365:25-3-13. Surplus line insurance with non-admitted insurer; approval prior to issuance; collection and remittance of taxes; claims for tax adjustments; procedures; forms
SECTION 365:25-3-14. Insurance adjusters continuing education
SECTION 365:25-3-15. Variable product licensing
SECTION 365:25-3-16. Examination exemptions
SECTION 365:25-3-17. Agriculture Revenue Insurance License [revoked]
SECTION 365:25-3-18. Compensation and education for sale of Medicare Advantage (including private fee for service plans) or Medicare prescription drug products and plans
SECTION 365:25-3-19. Medicare Part D volunteer counselors
SECTION 365:25-3-20. Vehicle protection product warrantor; fee; forms
SECTION 365:25-3-20.1. Prior approval of vehicle protection product contract forms
SECTION 365:25-3-20.3. Disapproval of any vehicle protection product contract form
SECTION 365:25-3-20.2. Cancellation language for vehicle protection product contract forms
SECTION 365:25-3-21. Training and education requirements for the sale of annuities
Subchapter 5. Bail Bondsmen
Part 1. CONTINUING EDUCATION FOR BAIL BONDSMEN
Part 3. PERTAINING TO RELINQUISHMENT OF LIABILITIES PRIOR TO CONTRACTING AS AN AGENT OR SUBAGENT FOR ANOTHER INSURER TO PROFESSIONAL BONDSMAN [revoked]
Part 5. GENERAL PROVISIONS PERTAINING TO BAIL BONDSMEN
Part 7. SPECIFIC FINANCIAL CIRCUMSTANCES WARRANTING RELEASE OF PROFESSIONAL DEPOSIT
Subchapter 7. Companies
Part 1. AFFILIATE TRANSACTIONS [revoked]
Part 3. REDOMESTICATION
Part 5. OKLAHOMA INSURANCE HOLDING COMPANY SYSTEM REGULATORY ACT
Part 7. COMPANIES IN HAZARDOUS FINANCIAL CONDITION
Part 9. LIFE AND HEALTH REINSURANCE AGREEMENTS
Part 11. CREDIT FOR REINSURANCE
Part 13. ELECTRONIC FILINGS
Part 15. COMPANY SUPERVISION
Subchapter 9. Prepaid Funeral Benefits
SECTION 365:25-9-1. Purpose
SECTION 365:25-9-2. Contract approval
SECTION 365:25-9-3. Forms
SECTION 365:25-9-4. Deposit reports and conversion reports
SECTION 365:25-9-5. Prohibited acts
SECTION 365:25-9-6. Amendments
SECTION 365:25-9-7. Severability provision
SECTION 365:25-9-8. Conversion from trust to insurance funded contracts
Subchapter 11. Viatical Settlements Regulation
SECTION 365:25-11-1. Approval of viatical settlement contracts by Commissioner pursuant to 36 O.S. § 4055.5
SECTION 365:25-11-2. License requirements for viatical settlement providers [revoked]
SECTION 365:25-11-2.1. Definitions
SECTION 365:25-11-3. License requirements
SECTION 365:25-11-4. Other requirements for brokers [revoked]
SECTION 365:25-11-4.1. Standards for evaluation of reasonable payments for terminally ill insureds
SECTION 365:25-11-5. Reporting requirement
SECTION 365:25-11-6. General rules
SECTION 365:25-11-7. Requirement to file advertising
SECTION 365:25-11-8. Prohibited practices
SECTION 365:25-11-9. Insurance company practices
SECTION 365:25-11-10. Transition period for existing licenses
SECTION 365:25-11-11. Effective date [Expired]
Subchapter 13. Life Settlements Regulation [revoked]
SECTION 365:25-13-1. Approval of life settlement contracts by commissioner pursuant to 36 O.S. [revoked]
SECTION 365:25-13-2. License requirements for life settlement providers [revoked]
SECTION 365:25-13-3. License requirements for life settlement brokers [revoked]
SECTION 365:25-13-4. Other requirements for brokers [revoked]
SECTION 365:25-13-5. Reporting requirement [revoked]
SECTION 365:25-13-6. General rules [revoked]
SECTION 365:25-13-7. Advertising [revoked]
Subchapter 15. Captive Insurance Companies Regulation
SECTION 365:25-15-1. Purpose and authority
SECTION 365:25-15-2. Annual reporting requirements
SECTION 365:25-15-3. Annual Audit
SECTION 365:25-15-4. Independent Certified Public Accountant
SECTION 365:25-15-5. Deposit Requirement
SECTION 365:25-15-6. Organizational examination
SECTION 365:25-15-7. Reinsurance [revoked]
SECTION 365:25-15-8. Insurance managers and intermediaries
SECTION 365:25-15-9. Executive officers and directors
SECTION 365:25-15-10. Conflict of interest
SECTION 365:25-15-11. Rescission of captive license [revoked]
SECTION 365:25-15-12. Acquisition of control of or merger with domestic company
SECTION 365:25-15-13. Change of business
SECTION 365:25-15-14. Prior approval
SECTION 365:25-15-15. Severability Provision [revoked]
SECTION 365:25-15-16. Consolidated or combined audits
SECTION 365:25-15-17. Sponsored captive shares and dividends
SECTION 365:25-15-18. Variable contracts
SECTION 365:25-15-19. Qualification of sponsors
SECTION 365:25-15-20. Sponsored captive and cell assets
SECTION 365:25-15-21. Delinquency of sponsored captive insurance companies
SECTION 365:25-15-22. Reinsurance of life insurance policies
SECTION 365:25-15-23. Dormant captive insurance companies
SECTION 365:25-15-24. Severability
Subchapter 17. Consumer Protection in Annuity Transactions Regulation
SECTION 365:25-17-1. Purpose
SECTION 365:25-17-2. Scope
SECTION 365:25-17-3. Authority
SECTION 365:25-17-4. Exemptions
SECTION 365:25-17-5. Definitions
SECTION 365:25-17-6. Misrepresentation, fraud and incomplete comparisons of annuities
SECTION 365:25-17-7. Duties of insurers and of insurance producers
SECTION 365:25-17-8. Mitigation of responsibility
SECTION 365:25-17-9. Recordkeeping
SECTION 365:25-17-10. Advertisements [Expired]
SECTION 365:25-17-11. Visit in senior's home [Expired]
Subchapter 19. Annuity Disclosure Regulation
SECTION 365:25-19-1. Purpose
SECTION 365:25-19-2. Authority
SECTION 365:25-19-3. Applicability and scope
SECTION 365:25-19-4. Definitions
SECTION 365:25-19-5. Standards for the disclosure document and buyer's guide
SECTION 365:25-19-6. Report to Contract Owners
SECTION 365:25-19-7. Penalties
SECTION 365:25-19-8. Separability
SECTION 365:25-19-9. Effective Date
Subchapter 21. Regulation on the Use of Senior-Specific Certifications and Professional Designations in the Sale of Life Insurance and Annuities
SECTION 365:25-21-1. Purpose
SECTION 365:25-21-2. Scope
SECTION 365:25-21-3. Authority
SECTION 365:25-21-4. Definition
SECTION 365:25-21-5. Prohibited uses of senior-specific certifications and professional designations
SECTION 365:25-21-6. Effective Date
Subchapter 23. Cemetery Merchandise Trusts
SECTION 365:25-23-1. Purpose
SECTION 365:25-23-2. Permit required
SECTION 365:25-23-3. Contract approval
SECTION 365:25-23-4. Forms
SECTION 365:25-23-5. Trust fund and trustee
SECTION 365:25-23-6. Surety bond
SECTION 365:25-23-7. Reports to trustee
SECTION 365:25-23-8. Annual report
SECTION 365:25-23-9. Notice of sale
Subchapter 25. Oklahoma Employee Injury Benefit Act
SECTION 365:25-25-1. Purpose
SECTION 365:25-25-2. Scope
SECTION 365:25-25-3. Authority
SECTION 365:25-25-4. Definitions
SECTION 365:25-25-5. Election notification to the Oklahoma Insurance Department
SECTION 365:25-25-6. Election fee
SECTION 365:25-25-7. Written benefit plan
SECTION 365:25-25-8. Employee notice
SECTION 365:25-25-9. Funding of Qualified Employer's benefit plan, liability, and other insurable risk
SECTION 365:25-25-10. Insuring Qualified Employer's benefit plan, liability, and other insurable risk
SECTION 365:25-25-11. Self-Funding Qualified Employer's benefit plan, liability, and other insurable risk
SECTION 365:25-25-12. Surety bond and irrevocable letter of credit
SECTION 365:25-25-13. Release of security deposit
SECTION 365:25-25-14. Oklahoma Option Self-Insured Guaranty Fund
SECTION 365:25-25-15. Severability
Subchapter 27. Military Sales Practices Regulation
SECTION 365:25-27-1. Purpose
SECTION 365:25-27-2. Scope
SECTION 365:25-27-3. Authority
SECTION 365:25-27-4. Exemptions
SECTION 365:25-27-5. Definitions
SECTION 365:25-27-6. Practices declared false, misleading, deceptive or unfair on a military installation
SECTION 365:25-27-7. Practices declared false, misleading, deceptive or unfair regardless of location
SECTION 365:25-27-8. Severability
Subchapter 29. Pharmacy Benefits Managers
SECTION 365:25-29-1. Purpose
SECTION 365:25-29-2. Scope
SECTION 365:25-29-3. Authority
SECTION 365:25-29-4. Definitions
SECTION 365:25-29-5. Forms and contents of application for PBM license
SECTION 365:25-29-6. Surety bond
SECTION 365:25-29-7. License term, renewals, fees
SECTION 365:25-29-8. PBM to file certain financial statements with the Commissioner
SECTION 365:25-29-9. Contractual requirements - maximum allowable cost
SECTION 365:25-29-10. Penalty for noncompliance
SECTION 365:25-29-11. "Doing pharmacy benefits management business in this state" defined-venue-exceptions
Appendix A. Form A: Oklahoma Insurance Holding Company System Acquisition Statement
Appendix B. Form B: Oklahoma Insurance Holding Company System Registration Statement
Appendix C. Prepaid Funeral Benefits Permit Original Application
Appendix D. Fidelity Bond
Appendix E. Application to Withdraw Funds Deposited for Prepaid Funeral Expenses
Appendix F. Buyers Application to Terminate Contract or Withdraw Funds Previously Deposited for Prepaid Funeral Benefits Under a Non-Specified or Guaranteed Contract
Appendix G. Annual Report
Appendix H. Annual Statement of Financial Condition (Reconciliation of Trust Accounts)
Appendix I. Application for Renewal of Permit [revoked]
Appendix J. Buyers Application to Terminate Contract and Withdraw Funds Deposited for Prepaid Funderal Expenses [revoked]
Appendix K. Certificate of Authority for Withdrawal and Repayment of Prepaid and Pre-Arranged Funderal Expenses [revoked]
Appendix L. Annual Report [revoked]
Appendix M. Appplication for Renewal of Prepaid Funeral Benefits Permit
Appendix N. Form C: Summary of Registration Statement
Appendix O. Form D: Prior Notice of a Transaction
Appendix P. Certificate of Assuming Insurer
Appendix Q. Form E
Appendix R. Conversion From Pre-Paid Funeral Trust to Insurance Funded Contracts
Appendix S. Buyer's Guide [revoked]
Appendix T. Insurance Company Training Program Affidavit [revoked]
Appendix U. Informational Brochure to be Provided to a Prospective Viator at First Contact Pursuant to O.A.C. 365:25-11-6(A)
Appendix V. Verification of Coverage for Life Insurance Policies
Appendix W. Payouts for Insureds Who are Terminally Ill
Appendix X. Sellers Notice to the Insurance Commissioner
Appendix Y. Assumption Affidavit
Appendix Z. Notice to Employees Concerning Qualified Employer
Appendix AA. Form F
Appendix BB. Written Confirmation Statement
Appendix CC. Certificate of Certified Reinsurer
Appendix DD. Annual Reinsurance Review - Property & Casualty Insurers
Appendix EE. Annual Reinsurance Review - Life & Health Insurers
Appendix FF. Small Employer Stop Loss Disclosure

Note


[Authority: 15 O.S., § 141.3; 36 O.S., §§ 307.1, 1201 et seq., 1435.19, 1435.29(G), 1631 through 1648, 4055.16, 5124, 6121 through 6136, 6217, 6470.21, 7124, and 7401; 59 O.S., §§ 358, 1302 (A), 1306(A), and 1308.1; 75 O.S., §§ 302 through 308.2; 85A O.S. § 202]
[Source: Codified 12-31-91]