Okla. Stat. tit. 36, § 36-3309
This is the official text of Okla. Stat. tit. 36, § 36-3309, 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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Penalties
Official statutory text
Any insurer failing, without just cause, to timely file the ORSA
Summary Report as required in this act shall be required, after
notice and hearing, to pay a penalty of One Thousand Dollars
($1,000.00) for each day's delay, to be recovered by the Insurance
Commissioner. The maximum penalty under this section is Twenty-five
Thousand Dollars ($25,000.00). The Insurance Commissioner may
reduce the penalty if the insurer demonstrates to the Insurance
Commissioner that the imposition of the penalty would constitute a
financial hardship to the insurer.
Summary Report as required in this act shall be required, after
notice and hearing, to pay a penalty of One Thousand Dollars
($1,000.00) for each day's delay, to be recovered by the Insurance
Commissioner. The maximum penalty under this section is Twenty-five
Thousand Dollars ($25,000.00). The Insurance Commissioner may
reduce the penalty if the insurer demonstrates to the Insurance
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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