Oklahoma § 15-141.20 - Prohibited conduct
Full text of Oklahoma Oklahoma Statutes § 15-141.20 — Prohibited conduct, with citation guidance and answers to common questions.
§ 15-141.20. Prohibited conduct
A. Nothing in the Service Warranty Act shall be deemed to
authorize any service warranty association to transact any insurance
business or otherwise to engage in any type of insurance unless the
association is authorized under a certificate of authority issued by
the Insurance Commissioner.
B. No authorized insurer or licensed service warranty
association shall act as a fronting company for any unauthorized
insurer or unlicensed service warranty association. As used in this
subsection, a "fronting company" is an authorized insurer or
licensed service warranty association which, by reinsurance or
otherwise, generally transfers to one or more unauthorized insurers
or unlicensed service warranty associations, the risk of loss under
warranties written by the company in this state.
Added by Laws 2012, c. 150, § 20, eff. Nov. 1, 2012.
Frequently Asked Questions About Oklahoma § 15-141.20
What does Oklahoma Statutes § 15-141.20 cover?
Section 15-141.20 ("Prohibited conduct") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 15-141.20?
A common citation format is "Oklahoma Statutes § 15-141.20" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 15-141.20 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.