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Code · Oklahoma · Title 74 — State Government

§74-150.7f. Violations - Penalties.

110 words·~1 min read·/ok/title-74-state-government/74-150-7f·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

It is unlawful for any insurer or agent authorized by the insurer to act on its behalf to violate any provision of Sections 1 through 4 of this act. Any person convicted of suchviolation shall be guilty of a misdemeanor punishable by the imposition of a fine of not more than Five Hundred Dollars ($500.00) or by imprisonment in the county jail for not more than six
(6)months, or by both such fine and imprisonment. Furthermore, upon such conviction, the
license and/or authorization to transact insurance business in this state may be revoked by the Insurance Commissioner. Added by Laws 1988, c. 201, § 5, eff. Nov. 1, 1988.
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