Oklahoma § 36-1540 - Failure to timely file
Full text of Oklahoma Oklahoma Statutes § 36-1540 — Failure to timely file, with citation guidance and answers to common questions.
§ 36-1540. Failure to timely file
Any insurer failing, without just cause, to timely file the
Corporate Governance Annual Disclosure (CGAD) as required in this
act shall be required, after notice and hearing, to pay a penalty of
One Hundred Dollars ($100.00) for each day's delay, to be recovered
by the Insurance Commissioner and the penalty so recovered shall be
paid into the General Revenue Fund of this state. The maximum
penalty under this section is Ten Thousand Dollars ($10,000.00).
The Commissioner may reduce the penalty if the insurer demonstrates
to the Commissioner that the imposition of the penalty would
constitute a financial hardship to the insurer.
Added by Laws 2019, c. 345, § 7, eff. Nov. 1, 2019.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-1540
What does Oklahoma Statutes § 36-1540 cover?
Section 36-1540 ("Failure to timely file") 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 § 36-1540?
A common citation format is "Oklahoma Statutes § 36-1540" (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 § 36-1540 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.