§15-141.34. Ex parte cease and desist order.
153 words·~1 min read·
/ok/title-15-contracts/15-141-34A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Insurance Commissioner may issue a cease and desist order, ex parte, if:
1. The Commissioner believes that:
a. an unauthorized service warranty association is
engaging in the business of service warranties in
violation of the Service Warranty Act, or
b. an unauthorized person engaged in the business of
service warranties acting in violation of the Service
Warranty Act is committing an unfair method of
competition or an unfair or deceptive act or practice
in violation of Section 141.26 of Title 15 of the
Oklahoma Statutes; or
2. It appears to the Commissioner that the alleged conduct is fraudulent or hazardous or creates an immediate danger to the public safety or is causing or can be reasonably expected to cause significant, imminent and irreparable public injury. Added by Laws 2016, c. 72, § 4, eff. Nov. 1, 2016. NOTE: Laws 2016, c. 64, § 4 repealed by Laws 2017, c. 42, § 7.