Oklahoma Statutes (Last Updated: September 18, 2014)

§ 36-6674. Portable electronics insurance - Violations of act.

Latest version.

A. If a vendor of portable electronics or its employee or authorized representative violates any provision of Sections 1 through 7 of this act, the Insurance Commissioner may:
1. After notice and hearing, impose fines not to exceed Five Hundred Dollars ($500.00) per violation or Five Thousand Dollars ($5,000.00) in the aggregate for such conduct; or
2. After notice and hearing, impose other penalties that the Commissioner deems necessary and reasonable to carry out the purpose of Sections 1 through 7 of this act, including:
a.suspending the privilege of transacting portable electronics insurance pursuant to Sections 1 through 7 of this act at specific business locations where violations have occurred, and
b.suspending or revoking the ability of individual employees or authorized representatives to act under the license.

Added by Laws 2011, c. 93, § 5, eff. Nov. 1, 2011.

                    
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