What is the time frame within which a licensed agent must return their insurance license after terminating residency in Oklahoma?

A licensed agent must return their insurance license within 10 days after terminating residency in Oklahoma. This specific time frame ensures that the state's insurance regulatory body maintains accurate records of active agents and their residency status. Timely return of the license helps prevent any potential legal issues or confusion regarding the agent's authority to conduct insurance business in the state. The requirement is in place to manage compliance and uphold the integrity of the insurance market in Oklahoma, ensuring that only residents who meet the state's licensing standards can operate as insurance agents.