Oklahoma § 36-403

§ 36-403.

Powers of Insurance Commissioner - Injunctive relief.

Oklahoma Statutes - Title 36. Insurance

A. Whenever the Insurance Commissioner has reason to believe or

it appears that any person has violated subsection A of Section 2 of

this act, the Insurance Commissioner may:

1. Revoke any license or registration issued or approved by the

Insurance Commissioner;

2. Issue an ex parte cease and desist order under the

procedures provided by Section 5 of this act;

3. Institute in the district court of Oklahoma County a civil

suit for injunctive relief to restrain the person from continuing

the violation;

4. Institute in the district court of Oklahoma County a civil

suit to recover a civil penalty as provided for in Section 2 of this

act; or

5. Exercise any combination of the acts provided for in this

subsection.

B. On application for injunctive relief and a finding that a

person is violating or threatening to violate any provision of the

Crimes By or Affecting Persons Engaged in the Business of Insurance

Act or order of the Insurance Commissioner issued pursuant to the

Crimes By or Affecting Persons Engaged in the Business of Insurance

Act, the district court shall grant the injunctive relief and the

injunction shall be issued without bond.

Added by Laws 2008, c. 184, § 3, eff. July 1, 2008.