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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 36. INSURANCE

  § 36-6220. Suspension, revocation or refusal to renew license; Grounds; Civil penalties; Surrender of license; Reinstatement.  

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  • A.  The Commissioner may censure, suspend, revoke, or refuse to issue a renewal license after hearing for any of the following causes:

    1.  Material misrepresentation or fraud in obtaining an adjuster's license; or

    2.  Any cause for which original issuance of a license could have been refused; or

    3.  Misappropriation, conversion to the personal use of the licensee, or illegal withholding of monies required to be held by the licensee in a fiduciary capacity; or

    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; or

    5.  Conviction of or pleading guilty or nolo contendere to a felony pursuant to the laws of this state, any other state, the United States, or any foreign country; or

    6.  If in the conduct of business affairs, the licensee or trainee has shown himself to be, and is so deemed by the Commissioner, incompetent, untrustworthy or a source of injury to the public; or

    7.  Refusal to comply with any lawful order of the Commissioner; or

    8.  Violation of any provision of the Insurance Adjusters Licensing Act; or

    9.  Adjusting losses or negotiating claim settlements arising pursuant to provisions of insurance contracts on behalf of an insurer without proper licensing or authority from the licensed insurer.

    B.  In addition to or in lieu of any applicable denial, suspension, or revocation of a license, any person violating the provisions of this section 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.

    C.  If the license of an adjuster is suspended, revoked, or not renewed, the licensee shall surrender said license to the Commissioner.

    D.  The Commissioner shall not reinstate a license to any person whose license has been suspended, revoked, or refused renewal until the Commissioner determines that the cause or causes for the suspension, revocation, or nonrenewal of said license no longer exist.

Amended by Laws 1983, c. 129, § 19, eff. Nov. 1, 1983.