§ 1250.14. Violation of act--Penalty
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 1250.14
§ 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.
Credits
Laws 1986, c. 251, § 20, eff. Nov. 1, 1986. Renumbered from Title 36, § 1258 and amended by Laws 1994, c. 342, §§ 14, 20, eff. Sept. 1, 1994. Laws 1994, 2nd Ex.Sess., c. 1, § 10, emerg. eff. Nov. 4, 1994; Laws 1997, c. 418, § 57, eff. Nov. 1, 1997; Laws 2009, c. 432, § 11, eff. July 1, 2009; Laws 2013, c. 254, § 25, eff. Jan. 1, 2015.
36 Okl. St. Ann. § 1250.14, OK ST T. 36 § 1250.14
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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