§36-403. Powers of Insurance Commissioner - Injunctive relief.
207 words·~1 min read·
/ok/title-36-insurance/36-403A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Whenever the Insurance Commissioner has reason to believe or it appears that any person has violated subsection A of Section 2 of this act, the Insurance Commissioner may:
1. Revoke any license or registration issued or approved by the Insurance Commissioner;
2. Issue an ex parte cease and desist order under the procedures provided by Section 5 of this act;
3. Institute in the district court of Oklahoma County a civil suit for injunctive relief to restrain the person from continuing the violation;
4. Institute in the district court of Oklahoma County a civil suit to recover a civil penalty as provided for in Section 2 of this act; or
5. Exercise any combination of the acts provided for in this subsection.
B. On application for injunctive relief and a finding that a person is violating or threatening to violate any provision of the Crimes By or Affecting Persons Engaged in the Business of Insurance Act or order of the Insurance Commissioner issued pursuant to the Crimes By or Affecting Persons Engaged in the Business of Insurance Act, the district court shall grant the injunctive relief and the injunction shall be issued without bond. Added by Laws 2008, c. 184, § 3, eff. July 1, 2008.