1. The Oklahoma Insurance Commissioner is chosen by statewide vote and serves a term of (verify current law):

Four years

Oklahoma's Insurance Commissioner is elected statewide to a four-year term; verify the current provision.

2. If a producer violates the Oklahoma insurance code, the Commissioner generally may:

Impose administrative monetary penalties in addition to possible license suspension or revocation

The Commissioner may levy administrative penalties and suspend or revoke a license for violations of the insurance laws.

3. Before sitting for the Oklahoma producer licensing examination, a candidate is generally expected to:

Complete any required preparation and apply through the approved process

Candidates generally complete required preparation and apply through the approved testing and licensing process before licensure.

4. Before an insurer may transact insurance business in Oklahoma, it generally must obtain from the Commissioner a:

Certificate of authority

An insurer must hold a certificate of authority from the Commissioner to transact insurance in the state.