§ 6608. Application for license
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 6608
§ 6608. Application for license
D. Upon completion of the application for license, the Commissioner shall examine the application and make such further investigation of the applicant as the Commissioner deems advisable. If the Commissioner finds that the applicant is qualified, the Commissioner shall issue to the applicant a license as a service warranty association. If the Commissioner does not find the applicant to be qualified the Commissioner shall refuse to issue the license and shall give the applicant written notice of the refusal, setting forth the grounds of the refusal.
E. 1. Any entity that claims one or more of the exclusions from the definition of service warranty provided in paragraph 14 of Section 6602 of this title shall file audited financial statements and other information as requested by the Commissioner by May 1, 2010, and each year thereafter, to document and verify that the contracts of the entity are not included within the definition of service warranty.
2. Any entity that fails to meet the May 1 deadline or that begins claiming an exclusion exemption provided by paragraph 14 of Section 6602 of this title after May 1 shall file audited financial statements and other information as requested by the Commissioner prior to conducting or continuing business in this state.
3. Any entity approved for an exclusion provided by paragraph 14 of Section 6602 of this title may be required by the Commissioner to provide subsequent audited financial statements and other information ascertained by the Commissioner to be necessary to determine continued qualification for an exclusion provided by paragraph 14 of Section 6602 of this title.
Credits
Laws 1993, c. 108, § 8, eff. Sept. 1, 1993; Laws 2009, c. 176, § 53, eff. Nov. 1, 2009; Laws 2010, c. 2, § 15, emerg. eff. March 3, 2010; Laws 2010, c. 222, § 47, eff. Nov. 1, 2010.; Laws 2012, c. 44, § 17, eff. Nov. 1, 2012.
36 Okl. St. Ann. § 6608, OK ST T. 36 § 6608
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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