Broker-Dealer Agent License in Oklahoma

Oklahoma licenses insurance professionals as Insurance Producers through the Oklahoma Insurance Department (OID). Oklahoma's insurance market is heavily shaped by its position in Tornado Alley, with the state experiencing some of the highest frequency and severity of tornado, hail, and wind damage in the nation. This severe weather exposure creates enormous demand for Property and Casualty coverage and has led to significant market challenges, with some carriers restricting or withdrawing from Oklahoma due to catastrophic loss ratios. Oklahoma's energy industry, centered on oil and natural gas, also drives substantial commercial insurance demand including workers' compensation, general liability, and environmental coverage. Pre-licensing education requires approximately 40 hours per major line of authority. Oklahoma requires criminal background checks. The state's agricultural economy creates demand for crop insurance and farm coverage. Continuing education is 24 hours biennially, including 3 hours of ethics. Oklahoma City and Tulsa are the primary insurance industry centers. Oklahoma participates in NIPR for non-resident licensing.