Oklahoma § 36-6461 - Violations - Penalties
Full text of Oklahoma Oklahoma Statutes § 36-6461 — Violations - Penalties, with citation guidance and answers to common questions.
§ 36-6461. Violations - Penalties
A. A risk retention group which violates any provision of the
Oklahoma Risk Retention Act shall be subject to fines and penalties
applicable to licensed insurers generally, including but not limited
to revocation of license and the authority to transact insurance
business in this state.
Oklahoma Statutes - Title 36. Insurance
B. A risk retention group doing business in this state that is
not licensed pursuant to the Oklahoma Risk Retention Act shall be
considered an unauthorized insurer and shall be subject to the
provisions of applicable sections of the Insurance Code pertaining
to unauthorized insurers.
C. A purchasing group that is registered pursuant to the
Oklahoma Risk Retention Act and which violates any provision of said
act shall be subject to a fine of up to One Thousand Dollars
($1,000.00) and censure, suspension, or revocation of license or by
both such fine and licensure proceedings, after notice and hearing.
D. A purchasing group doing business in this state which is not
registered shall be considered an unauthorized insurer and subject
to the provisions of applicable sections of the Insurance Code
pertaining to unauthorized insurers.
Added by Laws 1987, c. 157, § 11, emerg. eff. June 25, 1987.
Frequently Asked Questions About Oklahoma § 36-6461
What does Oklahoma Statutes § 36-6461 cover?
Section 36-6461 ("Violations - Penalties") 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 § 36-6461?
A common citation format is "Oklahoma Statutes § 36-6461" (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 § 36-6461 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.