The Oklahoma Home Service Contract Provider license
Home Service Contract Provider
Sells home warranties. The Act that governs it says in its own purpose clause that these contracts are not insurance and not otherwise regulated under the Insurance Code, and then has the Insurance Department register the people who sell them and hold them to reserves an insurer would recognize.
Course
None
This license has no pre-licensing course route.
Ways in
1
There is no state exam for this license.
Exam
n/a
Not required on any of the routes below.
Every way to qualify
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Route 1 Register with the Department
No state exam for this license
Money behind the promise
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A funded reserve account of not less than 40 percent of gross consideration received less claims paid on all contracts in force, a financial security deposit in trust with the Commissioner of not less than 5 percent of that same figure and never less than $25,000, by surety bond, eligible securities, letter of credit or another form the Commissioner prescribes, and a net worth or stockholders' equity of $25,000,000 held alone or with a parent company that guarantees the obligations.
and the registration
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An initial or renewal application naming the legal name and every trade name, each registered with the Oklahoma Secretary of State and in good standing, at $1,200 every three years.
The Oklahoma Home Service Contract Act is 36 O.S. 6750 to 6755, and 6751 is the sentence worth reading before anything else: the Act "declares that home service contracts and home warranties, as defined in Section 6752 of this title, are not insurance and not otherwise subject to the Insurance Code". 36 O.S. 632.1 says the same thing from the other direction. What the Department registers, then, is a business the legislature has told it is not insurance, which is why the requirements are financial rather than professional: no examination, no course, and nothing at all about the person selling. The charges beyond the registration are larger than it: a $2,250 anti-fraud fee every three years, and either a 2 percent administrative fee on gross fees received each quarter or a $3,000 annual flat fee if the provider carries a contractual liability policy.
Read at the Department on 2026-08-19
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The Oklahoma products sellers do carry are all for a producer line or for the adjuster; Aceable sells nothing in Oklahoma at all. Oklahoma asks for no course here and its examination vendor publishes no paper for this license, so there is nothing to sell.