Oklahoma § 36-6983 - Certificate of authority — Suspension of revocation —

§ 36-6983. Certificate of authority — Suspension of revocation —

Fines—Hearing.

A. The Insurance Commissioner may suspend or revoke any

certificate of authority issued pursuant to this act if the

Commissioner finds that the prepaid vision plan organization:

1. Is operating contrary to the basic organizational documents

of the organization or in a manner contrary to that described in or

reasonably inferred from any information submitted pursuant to

Section 6 of this act;

2. Issues a coverage policy which does not comply with the

requirements of Section 10 of this act;

3. Does not provide or arrange for basic vision services

appropriate to a prepaid vision plan;

4. Can no longer be expected to meet the obligations to

enrollees or prospective enrollees of the prepaid vision plan;

5. Uses fraudulent, coercive, or dishonest practices, or

demonstrates incompetence, untrustworthiness, or financial

irresponsibility in the conduct of business;

6. Fails to deal equitably with any providers or other persons

or facilities which offer services covered within a contract or

policy issued pursuant to this act; or

7. Fails to substantially comply with the insurance laws of

this state or violates any regulation, rule, subpoena, or order of

the Commissioner.

B. When the certificate of authority of a prepaid vision plan

organization is suspended, the organization shall not accept, during

the period of such suspension, any additional enrollments for

coverage except newly acquired dependents of existing enrollees and

shall not engage in any advertising or solicitation.

C. When the certificate of authority of a prepaid vision plan

organization is revoked, the organization shall terminate operation

of the organization in this state immediately and shall conduct no

further business except as may be essential to the orderly

conclusion of the business affairs of the organization. The

Commissioner, by written order, may permit further operation of the

organization as the Commissioner finds to be in the best interest of

members of the organization.

D. In addition to or in lieu of any applicable suspension or

revocation of a certificate of authority, the Commissioner may

invoke a fine not to exceed One Thousand Dollars ($1,000.00) for

each violation. The payment of the fine may be enforced in the same

manner as civil judgments may be enforced.

Oklahoma Statutes - Title 36. Insurance

E. A prepaid vision plan organization which has had its

certificate of authority denied, suspended, or revoked, or has

suffered an adverse determination by the Commissioner shall be

entitled to a hearing pursuant to the provisions of the

Administrative Procedures Act under Section 250 et seq. of Title 75

of the Oklahoma Statutes.

Added by Laws 2024, c. 360, § 12, emerg. eff. May 30, 2024.