Okla. Stat. tit. 15 § 141.12

Current through Laws 2024, c. 453.
Section 141.12 - Fine in lieu of suspension or revocation

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.

Okla. Stat. tit. 15, § 141.12

Added by Laws 2012 , SB 1475, c. 150, §12, eff. 11/1/2012.