Section 1435.6 - ExaminationsA. A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to Section 1435.10 of this title. The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an insurance producer and the insurance laws and regulations of this state. Examinations required by this section shall be developed and conducted under rules and regulations prescribed by the Insurance Commissioner.B. The Commissioner may make arrangements including contracting with an outside testing service, for administering examinations and collecting the nonrefundable fee set forth in Section 1435.23 of this title.C. Each individual applying for an examination shall remit a nonrefundable fee as prescribed by the Insurance Commissioner as set forth in Section 1435.23 of this title.D. Prior to completion and filing of the application, the Insurance Commissioner shall subject each applicant for license as an insurance producer, as defined pursuant to paragraph 7 of Section 1435.2 of this title, to an examination approved by the Commissioner as to competence to act as a licensee, which each applicant shall personally take and pass to the satisfaction of the Commissioner except as provided in Section 1435.10 of this title. The Commissioner may accept examinations administered by a testing service as satisfying the examination requirements of persons seeking license as agents, solicitors, counselors, or adjusters under the Oklahoma Insurance Code. The Commissioner may negotiate agreements with such testing services to include performance of examination development, test scheduling, examination site arrangements, test administration, grading, reporting, and analysis. The Commissioner may require such testing services to correspond directly with the applicants with regard to the administration of such examinations and that such testing services collect fees for administering such examinations directly from the applicants. The Commissioner may stipulate that any agreements with such testing services provide for the administration of examinations in specific locales and at specified frequencies. The Commissioner shall retain the authority to establish the scope and type of all examinations.E. If the applicant is a legal entity, the examination shall be taken by each individual who is to act for the entity as a licensee.F. Each examination for a license shall be approved for use by the Commissioner and shall reasonably test the knowledge of the applicant as to the lines of insurance, policies, and transactions to be handled pursuant to the license applied for, the duties and responsibilities of the licensee, and the pertinent insurance laws of this state.G. Examination for licensing shall be at such reasonable times and places as are designated by the Commissioner.H. The Commissioner or testing service shall give, conduct, and grade all examinations in a fair and impartial manner and without discrimination among individuals examined.I. The applicant shall pass the examination with a grade determined by the Commissioner to indicate satisfactory knowledge and understanding of the line or lines of insurance for which the applicant seeks qualification. Within ten (10) days after the examination, the Commissioner shall inform the applicant and the appointing insurer, when applicable, as to whether or not the applicant has passed. An application for licensure shall be made within two (2) years after passing the examination.J. An applicant who has failed to pass the examination for the license applied for may take the examination subsequent times. Examination fees for subsequent examinations shall not be waived. K. An applicant for a license as a resident surplus lines broker shall have passed the property and casualty insurance examination on the line or lines of insurance to be written to qualify for a surplus lines broker license.Okla. Stat. tit. 36, § 1435.6
Amended by Laws 2022 , c. 225, s. 3, eff. 11/1/2022. Laws 2001 , HB 1952, c. 156, §6, eff. 11/1/2001; Amended by Laws 2002 , HB 2911, c. 307, §13, eff. 11/1/2002; Amended by Laws 2004 , HB 2385, c. 274, §8, emerg. eff. 7/1/2004; Amended by Laws 2006 , HB 2905, c. 264, §44, emerg. eff. 7/1/2006; Amended by Laws 2009 , SB 1022, c. 176, §24, eff. 11/1/2009; Amended by Laws 2011 , HB 1243, c. 293, §2, emerg. eff. 6/20/2011; Amended by Laws 2011 , SB 965, c. 242, §2; Amended by Laws 2012 , HB 2453, c. 44, §3, eff. 11/1/2012.