The Oklahoma Insurance Commissioner may place on probation, censure, suspend, revoke, or refuse to issue a license to an applicant for all of the following causes EXCEPT
A.
having admitted to have committed fraud.
B.
providing incorrect, misleading, or materially untrue information in the license application.
Under Title 36 O.S. § 1435.13, the Oklahoma Insurance Commissioner may take disciplinary action against a licensee for causes such as fraud, providing false information on a license application, or failing to comply with state laws, including tax obligations. However, a misdemeanor conviction does not automatically warrant license action unless it involves a crime of moral turpitude (e.g., fraud, theft) or is directly related to insurance activities.
Option A: Incorrect (is a cause). Admitting to fraud is grounds for license suspension or revocation.
Option B: Incorrect (is a cause). Providing misleading or untrue information on a license application is a violation.
Option C: Correct (is the exception). A misdemeanor conviction alone, without specific relevance to insurance or moral turpitude, is not typically grounds for license action.
Option D: Incorrect (is a cause). Failing to pay state taxes can lead to disciplinary action as a violation of state law.
This question is part of the Prometric content outline under “State Insurance Statutes, Rules, and Regulations,” which covers licensing disciplinary actions.
[:, Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: State-Specific Knowledge – Licensing Requirements)., Oklahoma Insurance Department, Title 36 O.S. § 1435.13 (grounds for license discipline)., Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing., ]
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