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STATE OF OKLAHOMA
2nd Session of the 60th Legislature (2026)
SENATE BILL 1765 By: Coleman
AS INTRODUCED
An Act relating to the Oklahoma Producer Licensing
Act; amending 36 O.S. 2021, Section 1435.14, which
relates to commission; updating statutory references;
requiring disclosure of certain fees in advance of
services provided; and providing an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 36 O.S. 2021, Section 1435.14, is
amended to read as follows:
Section 1435.14. A. An insurance company or insurance producer
shall not pay a commission, service fee, brokerage, or other
valuable consideration to a person for selling, soliciting, or
negotiating insurance in this state if that person is required to be
licensed under this act the Oklahoma Producer Licensing Act and is
not so licensed.
B. A person shall not accept a commission, service fee,
brokerage, or other valuable consideration for selling, soliciting,
or negotiating insurance in this state if that person is required to
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be licensed under this act the Oklahoma Producer Licensing Act and
is not so licensed.
C. Renewal or other deferred commissions may be paid to a
person for selling, soliciting, or negotiating insurance in this
state if the person was required to be licensed under this act the
Oklahoma Producer Licensing Act at the time of the sale,
solicitation, or negotiation and was so licensed at that time.
D. An insurer or insurance producer may pay or assign
commissions, service fees, brokerages, or other valuable
consideration to an insurance agency or to persons who do not sell,
solicit, or negotiate insurance in this state, unless the payment
would violate Section 1204 of Title 36 of the Oklahoma Statutes.
E. Any commissions, service fees, brokerages, or other valuable
consideration shall be disclosed in an itemized list in advance of
the services provided.
SECTION 2. This act shall become effective November 1, 2026.
60-2-2339 CAD 1/14/2026 3:17:12 PM