§ 6220. Suspension, revocation or refusal to renew license--Grounds--Civil penalties--Surrender...
Oklahoma Statutes AnnotatedTitle 36. InsuranceEffective: November 1, 2023
Effective: November 1, 2023
36 Okl.St.Ann. § 6220
§ 6220. Suspension, revocation or refusal to renew license--Grounds--Civil penalties--Surrender of license--Reinstatement
4. Material misrepresentation of the terms and effect of any insurance contract, with intent to deceive, or engaging in, or attempting to engage in, any fraudulent transaction with respect to a claim or loss that the licensee or the trainee is adjusting and, in the case of a public adjuster, misrepresentation of the services offered or the fees or commission to be charged;
8. Violation of any provision of the Insurance Adjusters Licensing Act;1
B. In addition to or in lieu of any applicable denial, suspension, or revocation of a license, any person violating the provisions of the Insurance Adjusters Licensing Act may be subject to a civil fine of not more than One Thousand Dollars ($1,000.00) for each violation. This fine may be enforced in the same manner in which civil judgment may be enforced.
D. The Department shall retain the authority to enforce the provisions of and impose any penalty or remedy authorized by this title against any person who is under investigation for or charged with a violation even if the person's license or registration has been surrendered or has lapsed by operation of law.
E. It shall be unlawful for any person, firm, association, company or corporation to act as an adjuster without first obtaining a license pursuant to the Insurance Adjusters Licensing Act. Any person convicted of violating the provisions of this subsection shall be guilty of a misdemeanor and shall be punished as set forth in Section 10 of Title 21 of the Oklahoma Statutes. The restriction set forth in this subsection shall apply regardless of whether the person, firm, association, company or corporation has obtained power of attorney from an insurance claimant or has entered into any other agreement with an insurance claimant to act on the behalf of the claimant.
Credits
Laws 1973, c. 178, § 20; Laws 1983, c. 129, § 19, eff. Nov. 1, 1983; Laws 2015, c. 297, § 5, eff. Nov. 1, 2015; Laws 2016, c. 73, § 10, eff. Nov. 1, 2016; Laws 2019, c. 294, § 10, eff. Nov. 1, 2019; Laws 2023, c. 196, § 5, eff. Nov. 1, 2023.
Footnotes
Title 36, § 6201 et seq.
36 Okl. St. Ann. § 6220, OK ST T. 36 § 6220
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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