Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 2nd Session of the 60th Legislature (2026)
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3 SENATE BILL 1765 By: Coleman
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6 AS INTRODUCED
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7 An Act relating to the Oklahoma Producer Licensing
7 Act; amending 36 O.S. 2021, Section 1435.14, which
8 relates to commission; updating statutory references;
8 requiring disclosure of certain fees in advance of
9 services provided; and providing an effective date.
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12 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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13 SECTION 1. AMENDATORY 36 O.S. 2021, Section 1435.14, is
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14 amended to read as follows:
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15 Section 1435.14. A. An insurance company or insurance producer
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16 shall not pay a commission, service fee, brokerage, or other
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17 valuable consideration to a person for selling, soliciting, or
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18 negotiating insurance in this state if that person is required to be
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19 licensed under this act the Oklahoma Producer Licensing Act and is
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20 not so licensed.
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21 B. A person shall not accept a commission, service fee,
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22 brokerage, or other valuable consideration for selling, soliciting,
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23 or negotiating insurance in this state if that person is required to
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Req. No. 2339 Page 1
1 be licensed under this act the Oklahoma Producer Licensing Act and
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2 is not so licensed.
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3 C. Renewal or other deferred commissions may be paid to a
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4 person for selling, soliciting, or negotiating insurance in this
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5 state if the person was required to be licensed under this act the
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6 Oklahoma Producer Licensing Act at the time of the sale,
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7 solicitation, or negotiation and was so licensed at that time.
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8 D. An insurer or insurance producer may pay or assign
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9 commissions, service fees, brokerages, or other valuable
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10 consideration to an insurance agency or to persons who do not sell,
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11 solicit, or negotiate insurance in this state, unless the payment
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12 would violate Section 1204 of Title 36 of the Oklahoma Statutes.
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13 E. Any commissions, service fees, brokerages, or other valuable
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14 consideration shall be disclosed in an itemized list in advance of
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15 the services provided.
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16 SECTION 2. This act shall become effective November 1, 2026.
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18 60-2-2339 CAD 1/14/2026 3:17:12 PM
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Req. No. 2339 Page 2Every fact on this page links to its source, starting with the official bill record.