§36-908. Administrative penalties.
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/ok/title-36-insurance/36-908·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Insurance Commissioner may, if the Commissioner finds that any person or organization has violated the provisions of any statute, rule, or order for which the Commissioner has jurisdiction, impose a penalty of not more than Five Thousand Dollars ($5,000.00) for each such violation. Such penalties may be in addition to any other penalty provided by law.
No penalty shall be imposed except upon a written order of the Commissioner or the appointed independent hearing examiner, stating the findings of the Commissioner or the appointed independent hearing examiner after notice and opportunity for a hearing in accordance with Article II of the Administrative Procedures Act. Added by Laws 1957, p. 247, § 908, operative July 1, 1957. Amended by Laws 1983, c. 68, § 8, eff. Nov. 1, 1983; Laws 1987, c. 210, § 24, eff. July 1, 1987; Laws 1997, c. 418, § 36, eff.
Nov. 1, 1997; Laws 2006, c. 264, § 21, eff. July 1, 2006; Laws 2024, c. 195, § 2, eff. Nov. 1, 2024. This section was purportedly repealed by Laws 2024, c. 345, § 19 but without reference to Laws 2024, c. 195, § 2, which amended it.