Okla. Stat. tit. 15, § 15-141.12
This is the official text of Okla. Stat. tit. 15, § 15-141.12, part of Oklahoma’s Stat. tit. 15, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 15,." Browse the sections below, each linked to its official government source.
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Fine in lieu of suspension or revocation
Official statutory text
If the Insurance Commissioner finds that one or more grounds
exist for the discretionary revocation or suspension of a
certificate of authority issued under the Service Warranty Act, the
Commissioner may, in lieu of such suspension or revocation, impose a
fine upon the insurer or service warranty association in an amount
not to exceed One Thousand Dollars ($1,000.00) per violation;
however, if it is found that an insurer or service warranty
association has knowingly and willfully violated a lawful rule or
order of the Commissioner or any provision of the Service Warranty
Act, the Commissioner may impose a fine upon the insurer or
association in an amount not to exceed Ten Thousand Dollars
($10,000.00) for each violation.
exist for the discretionary revocation or suspension of a
certificate of authority issued under the Service Warranty Act, the
Commissioner may, in lieu of such suspension or revocation, impose a
fine upon the insurer or service warranty association in an amount
not to exceed One Thousand Dollars ($1,000.00) per violation;
however, if it is found that an insurer or service warranty
association has knowingly and willfully violated a lawful rule or
order of the Commissioner or any provision of the Service Warranty
Act, the Commissioner may impose a fine upon the insurer or
association in an amount not to exceed Ten Thousand Dollars
($10,000.00) for each violation.
Status: in_force · Read it on the official government site
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