Okla. Stat. tit. 15, § 15-141.5
This is the official text of Okla. Stat. tit. 15, § 15-141.5, 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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Requirements for licensure
Official statutory text
The Insurance Commissioner shall not issue or renew a license to
any service warranty association unless the association:
1. Is a solvent association;
Oklahoma Statutes - Title 15. Contracts Page 39
2. Furnishes the Insurance Department with satisfactory
evidence that the management of the association is competent and
trustworthy and can successfully manage the affairs of the
association in compliance with law;
3. Proposes to use and uses in its business a name together
with a trademark or emblem, if any, which is distinctive and not so
similar to the name or trademark of any other person already doing
business in this state as will tend to mislead or confuse the
public;
4. Files the bond required by the Service Warranty Act;
5. Is formed under the laws of this state or another state,
district, territory, or possession of the United States, if the
association is other than a natural person; and
6. Has submitted all annual financial statements and
administrative fees required by the Service Warranty Act.
any service warranty association unless the association:
1. Is a solvent association;
Oklahoma Statutes - Title 15. Contracts Page 39
2. Furnishes the Insurance Department with satisfactory
evidence that the management of the association is competent and
trustworthy and can successfully manage the affairs of the
association in compliance with law;
3. Proposes to use and uses in its business a name together
with a trademark or emblem, if any, which is distinctive and not so
similar to the name or trademark of any other person already doing
business in this state as will tend to mislead or confuse the
public;
4. Files the bond required by the Service Warranty Act;
5. Is formed under the laws of this state or another state,
district, territory, or possession of the United States, if the
association is other than a natural person; and
6. Has submitted all annual financial statements and
administrative fees required by the Service Warranty Act.
Status: in_force · Read it on the official government site
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