Oklahoma § 36-6126 - Designation of agent

§ 36-6126. Designation of agent

A. Each organization subject to the Funeral Services Licensing

Act shall designate an agent or agents, either by names of the

individuals or by titles of the offices or positions of the

individuals, who shall be responsible for deposits of funds

collected under contract for prepaid funeral benefits. The

organization shall notify the Insurance Commissioner of the

designation at least ten (10) days prior to becoming subject to this

act, and shall also notify the Insurance Commissioner of any changes

in the designation at least ten (10) days before the change occurs.

B. Any person collecting monies under a contract on behalf of

an organization shall deposit the monies within ten (10) days after

collection pursuant to paragraph 3 of subsection A of Section 6125

of this title. Any person failing to deposit the monies collected

shall be guilty of a misdemeanor and shall be punished by a fine of

not less than One Hundred Dollars ($100.00) nor more than Five

Hundred Dollars ($500.00) or by imprisonment in the county jail for

not less than one (1) month nor more than six (6) months, or by both

such fine and imprisonment.

Added by Laws 1970, c. 332, § 6. Amended by Laws 2009, c. 294, § 7,

eff. Nov. 1, 2009.