Renewing Life Insurance Licenses: Oklahoma's Guide

If you're looking to renew your life insurance license in Oklahoma, you've come to the right place. In this paragraph, we'll outline the steps you need to take to ensure your license remains valid. Firstly, it's important to note that insurance licenses in Oklahoma need to be renewed every two years. The renewal process can be started approximately 90 days before the expiration date, and it must be done online. Oklahoma has specific requirements for continuing education that must be met before renewing a license. These requirements include completing 24 credit hours of approved courses, with a focus on ethics and legislative updates. With this knowledge, you're now equipped with the basics to begin your life insurance license renewal process in Oklahoma.

Renewal application process

The renewal application process for a life insurance license in Oklahoma can be done online through the National Insurance Producer Registry or Vertafore (Sircon). The renewal period for all license classes begins 90 days prior to the expiration date and ends on the expiration date. It is important to note that paper applications are not accepted, and renewals are required to be processed online.

To initiate the renewal process, visit the Oklahoma Insurance Department website and access the "Renew Your License Online" section. Before starting the application, ensure that you meet the continuing education (CE) requirements for your specific license type. For instance, resident individual licensees must complete 24 credit hours of CE every two-year renewal period, including 3 hours in ethics and 2 hours in legislative updates.

After completing the necessary CE credits, you can proceed with the online renewal application. Carefully follow the instructions provided on the website, and ensure that you have all the required information and documents ready. The application will require you to accept the User Agreement, and it is recommended that you print and retain a copy of the completed application for your records.

Once you have submitted your renewal application, the Oklahoma Insurance Department will review it. They will notify you via email if the application is approved or if they require additional information. You can also check the status of your license online using the Licensee Lookup tool. If your renewal application is approved, you can then print and/or view your renewed license online.

Please note that there is a fee for renewing an insurance producer license, which is typically $60 per application. Additionally, if you have multiple lines of authority, you must apply for each line separately during the renewal process.

Renewal fees

Resident Insurance Producer License Renewal:

The renewal fee for a resident insurance producer license in Oklahoma is $60. This fee applies to individuals with general lines of authority and is charged per application. To renew a license, residents must complete the required continuing education (CE) hours and submit their application online.

Non-Resident Insurance Producer License Renewal:

Similarly, the renewal fee for a non-resident insurance producer license in Oklahoma is also $60 per application. Non-residents can renew their licenses online through the National Insurance Producer Registry (NIPR) or Vertafore (Sircon). Like residents, non-residents must also complete the necessary CE requirements before renewing their licenses.

Adjuster License Renewal:

For both resident and non-resident adjuster license renewals in Oklahoma, the fee is $60. This renewal fee applies specifically to adjusters and is separate from the producer license renewal fee. Adjusters must complete the required CE hours, including ethics and legislative update coursework, before renewing their licenses.

Other License Renewal Fees:

In addition to the standard insurance producer and adjuster licenses, there are various other license types in Oklahoma, each with its own renewal fee:

• Limited Lines Producer: $40 for residents, $100 for non-residents
• Surplus Lines Broker: $100 for residents and non-residents
• Viatical Settlement Broker: $500 for residents
• Managing General Agent: $100 for residents and non-residents
• Reinsurance Intermediary Broker: $100 for residents and non-residents
• Reinsurance Intermediary Manager: $100 for residents and non-residents
• Portable Electronics: $100 for residents and non-residents

It's important to note that these fees are subject to change, and there may be additional transaction fees associated with the renewal process. Always refer to the official Oklahoma Insurance Department website for the most up-to-date information and instructions on renewing your specific license type.

Continuing education requirements

To renew your life insurance license in Oklahoma, you must complete the continuing education (CE) requirements and be CE-compliant before submitting your renewal application. The CE requirements must be completed every two years, on or before the last day of the licensee's birth month.

Major Lines Licensed Producers in Oklahoma must take 24 Credit Hours of Approved Continuing Education every 2 years, prior to their Expiration Date. This should consist of 2 hours of Legislative Update, 3 hours of Ethics training, and 19 hours of General CE.

If you are a resident of Oklahoma, you must complete 24 hours of continuing education during the renewal period, including 3 hours of ethics and 2 hours of legislative update coursework. Additionally, if you are a property adjuster, you need to complete 1 hour of Earthquake coursework.

For non-residents of Oklahoma, you only need to complete the Continuing Education (CE) requirements of your Designated Home State (DHS). Non-resident applicants must be licensed for the same license type and lines of authority to be eligible for online submission.

You can access your continuing education data through NIPR's MYNIPR application.

Renewal period

The renewal period for all license classes in Oklahoma begins 90 days before the expiration date and ends on the expiration date. The Oklahoma Insurance Department oversees the renewal of licenses for both resident and non-resident producers, adjusters, and business entities.

Oklahoma insurance licenses expire every two years. An existing resident with an active-status license may be renewed approximately 90 days prior to the expiration. Renewals are required to be processed online. Oklahoma resident licensees are required to be CE compliant before renewing their license. All CE requirements should be completed 30 days before the license expiration date to ensure a smooth renewal process.

Oklahoma Major Lines Licensed Producers must take 24 Credit Hours of Approved Continuing Education every 2 years, prior to their Expiration Date. 24 hours should consist of: 2 hours of Legislative Update, 3 hours of Ethics training, and 19 hours of General CE. A licensee holding a Property Line of Authority is required to complete a 1-hour Earthquake course as part of their 19 General credit hours.

There is a fee of $60 per application to renew an insurance producer license with general lines of authority. Once all continuing education has been completed, and your application has been submitted, your license will be renewed and your new expiration date will be two years from your previous expiration date.

Renewal application sources

The renewal application process for an insurance license in Oklahoma can be found on the Oklahoma Insurance Department website. The renewal period for all license classes begins 90 days prior to the expiration date and ends on the expiration date. Renewal applications must be submitted online and cannot be submitted as paper applications.

The National Insurance Producer Registry (NIPR) website also provides a platform for renewing an Oklahoma insurance license. This can be done by selecting the appropriate button to begin the renewal application and accepting the User Agreement.

Additionally, the website of the Oklahoma Insurance Commissioner, Glen Mulready, provides information on the renewal process. It is important to note that an expired license cannot be renewed, and individuals must refer to the Reactive License Page in such cases.

For non-resident adjusters without a resident state license, special instructions are provided on the Oklahoma Insurance Department website. These individuals can apply online by designating a home state, which is the state where they passed the adjuster exam and hold an active license.

Furthermore, AgentSync offers assistance with the renewal process for both resident and non-resident insurance licenses in Oklahoma.

Frequently asked questions