Okla. Stat. tit. 36 § 1250.14

Current through Laws 2024, c. 453.

Section 1250.14 - Violation of act - Penalty

For any violation of the Unfair Claims Settlement Practices Act, the Insurance Commissioner may, after notice and hearing, subject an insurer to a civil penalty of not less than One Hundred Dollars ($100.00) nor more than Five Thousand Dollars ($5,000.00) for each occurrence. Such civil penalty may be enforced in the same manner in which civil judgments may be enforced.

Okla. Stat. tit. 36, § 1250.14

Amended by Laws 2013 , c. 254, s. 25, eff. 1/1/2015.

Added by Laws 1986, HB 1983, c. 251, § 20, eff. 11/1/1986; Amended by Laws 1994, SB 1033, c. 342, § 14, eff. 9/1/1994; Renumbered from 36 O.S. § 1258 by Laws 1994, SB 1033, c. 342, § 20, eff. 9/1/1994; Amended by Laws 1994, 2nd Extr. Sess., HB 1002, c. 1, § 10, emerg. eff. 11/4/1994; Amended by Laws 1997, SB 327, c. 418, § 57, eff. 11/1/1997; Amended by Laws 2009 , HB 1275, c. 432, §11, emerg. eff. 7/1/2009.