Okla. Stat. tit. 36, § 36-1540
This is the official text of Okla. Stat. tit. 36, § 36-1540, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Failure to timely file
Official statutory text
Any insurer failing, without just cause, to timely file the
Corporate Governance Annual Disclosure (CGAD) as required in this
act shall be required, after notice and hearing, to pay a penalty of
One Hundred Dollars ($100.00) for each day's delay, to be recovered
by the Insurance Commissioner and the penalty so recovered shall be
paid into the General Revenue Fund of this state. The maximum
penalty under this section is Ten Thousand Dollars ($10,000.00).
The Commissioner may reduce the penalty if the insurer demonstrates
to the Commissioner that the imposition of the penalty would
constitute a financial hardship to the insurer.
Corporate Governance Annual Disclosure (CGAD) as required in this
act shall be required, after notice and hearing, to pay a penalty of
One Hundred Dollars ($100.00) for each day's delay, to be recovered
by the Insurance Commissioner and the penalty so recovered shall be
paid into the General Revenue Fund of this state. The maximum
penalty under this section is Ten Thousand Dollars ($10,000.00).
The Commissioner may reduce the penalty if the insurer demonstrates
to the Commissioner that the imposition of the penalty would
constitute a financial hardship to the insurer.
Status: in_force · Read it on the official government site
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