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§ 6103.5. Emergency cease and desist orders--Grounds for issuance

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 2. Miscellaneous Provisions
Unauthorized Insurance Business
36 Okl.St.Ann. § 6103.5
§ 6103.5. Emergency cease and desist orders--Grounds for issuance
Currentness
The Insurance Commissioner may issue a cease and desist order, ex parte, if:
1. The Commissioner believes:
a. an unauthorized person is engaging in the business of insurance in violation of Section 6103.2 of this title or in violation of a rule promulgated pursuant to Sections 6103.1 through 6103.11 of this title, or
b. an unauthorized person engaged in the business of insurance acting in violation of Section 6103.3 of this title is committing an unfair method of competition or an unfair or deceptive act or practice in violation of Section 1201 et seq. of this title or in violation of any rule promulgated pursuant thereto, or
c. an unauthorized person or individual is engaging in the business of bail bonds in violation of Section 6103.2 of this title or in violation of a rule promulgated pursuant to Sections 6103.1 through 6103.11 of this title; or
2. It appears to the Commissioner that the alleged conduct is fraudulent or hazardous or creates an immediate danger to the public safety or is causing or can be reasonably expected to cause significant, imminent and irreparable public injury.

Credits

Laws 1994, c. 294, § 15, eff. Sept. 1, 1994; Laws 1997, c. 418, § 106, eff. Nov. 1, 1997; Laws 2009, c. 176, § 39, eff. Nov. 1, 2009.
36 Okl. St. Ann. § 6103.5, OK ST T. 36 § 6103.5
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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