Section 140.6 - [Effective Until 11/1/2024] Promulgation of rulesThe Insurance Commissioner shall promulgate rules necessary to enforce the provisions of this act. After proper notice and opportunity for hearing the Commissioner may:
1. Order the creditor, provider, administrator, or any other person not in compliance with this act to cease and desist from product related operations which are in violation of this act; and2. Impose a penalty not to exceed Five Hundred Dollars ($500.00) per violation and no more than Ten Thousand Dollars ($10,000.00) for aggregated violations of a similar nature. For purposes of this section, "violations of a similar nature" means the violation consisted of the same or similar course of conduct, action, or practice, irrespective of the number of times the action, conduct, or practice which is determined to be a violation of this act occurred.Okla. Stat. tit. 15, § 140.6
Added by Laws 2022 , c. 16, s. 5, eff. 11/1/2022.This section is set out more than once due to postponed, multiple, or conflicting amendments.