Oklahoma § 36-323 - Commissioner enforcement power and authority

§ 36-323. Commissioner enforcement power and authority

In addition to any powers herein before expressly enumerated in

this law, the Insurance Commissioner shall have full power and

authority to enforce by regulations, orders, bulletins or otherwise

all and singular, the provisions of this law, and the full intent

thereof. In particular the Commissioner shall have the authority

and power:

1. To examine all records of persons or organizations falling

under the jurisdiction of the Commissioner and to require the same

to furnish under oath such information as the Commissioner may deem

necessary for the administration of this law. The expense of such

examination shall be paid by the insurer or advisory organization

examined. In lieu of such examination, the Commissioner may, in the

discretion of the Commissioner, accept a report of examination made

by any other insurance supervisory authority;

2. To make and enforce such reasonable bulletins, orders, rules

and regulations as may be necessary in making this law effective,

but such bulletins, orders, rules and regulations shall not be

contrary to or inconsistent with the provisions of this law; and

3. To issue an order in accordance with Article II of the

Administrative Procedures Act to all parties in interest requiring

any person or organization falling under the jurisdiction of the

Commissioner to cease and desist from any unfair or unreasonable

practice.

Added by Laws 2024, c. 345, § 8, eff. Nov. 1, 2024.