Oklahoma § 36-5111 - Penalties; restitution; review
Full text of Oklahoma Oklahoma Statutes § 36-5111 — Penalties; restitution; review, with citation guidance and answers to common questions.
§ 36-5111. Penalties; restitution; review
A. A reinsurance intermediary, insurer or reinsurer found by
the Insurance Commissioner, after notice and opportunity for a
hearing conducted in accordance with the Administrative Procedures
Act, to be in violation of any provision of the Reinsurance
Intermediary Act, shall:
Oklahoma Statutes - Title 36. Insurance
1. For each separate violation, pay a penalty in an amount not
exceeding Five Thousand Dollars ($5,000.00); and
2. Be subject to revocation or suspension of license.
B. In addition, if a violation of the Reinsurance Intermediary
Act is committed by a reinsurance intermediary, such reinsurance
intermediary shall make restitution to the insurer, reinsurer,
rehabilitator or liquidator of the insurer or reinsurer for the net
losses incurred by the insurer or reinsurer attributable to such
violation.
C. The decision, determination, or order of the Commissioner
pursuant to this section shall be subject to judicial review
pursuant to the Administrative Procedures Act.
D. Nothing contained in this section shall affect the right of
the Commissioner to impose any other penalties provided in the
Oklahoma Insurance Code.
E. Nothing contained in the Reinsurance Intermediary Act is
intended to or shall in any manner limit or restrict the rights of
policyholders, claimants, creditors, or other third parties or
confer any rights to such persons.
Added by Laws 1992, c. 178, § 32, eff. Sept. 1, 1992. Amended by
Laws 1997, c. 418, § 98, eff. Nov. 1, 1997.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-5111
What does Oklahoma Statutes § 36-5111 cover?
Section 36-5111 ("Penalties; restitution; review") 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 § 36-5111?
A common citation format is "Oklahoma Statutes § 36-5111" (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 § 36-5111 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.