Oklahoma § 59-1311.2 - Denial, suspension, revocation or refusal to renew

§ 59-1311.2. Denial, suspension, revocation or refusal to renew

license - Effect.

A. No individual operating under any license which has been

revoked by the Insurance Commissioner shall have the right to apply

for another license under this act within one (1) year from the

effective date of such revocation, or, if judicial review of such

revocation is sought, within one (1) year from the date of final

court order or decree affirming the revocation. However, the

Commissioner may authorize the application for another license under

this act by such an individual prior to the end of the one-year

period if the Commissioner finds that the individual meets the

licensing requirements then in effect and if the Commissioner finds

the circumstances for which the license was revoked no longer

exists. The Commissioner shall not, however, grant a new license to

any individual if he finds that the circumstances for which the

previous license was revoked still exist or are likely to recur.

B. If a license as bail bondsman as to the same individual has

been revoked at two separate times, the Commissioner may not

thereafter grant or issue any license under this act as to such

Oklahoma Statutes - Title 59. Professions and Occupations

individual unless such individual can meet the licensing

qualifications then in effect and if the Commissioner finds the

circumstances for which the license was revoked no longer exists.

C. During the period of suspension, or after revocation of the

license and prior to being issued a new license, the former licensee

shall not engage in or attempt to profess to engage in any

transaction or business for which a license is required under this

act.

D. Upon suspension, revocation or refusal to renew or continue

the license of a bail bondsman, the Commissioner may at the same

time likewise suspend or revoke all other insurance agent licenses

held by the licensee under the insurance laws of this state, if the

Commissioner determines that such suspension or revocation is in the

best interest of the public.

E. In case of the suspension or revocation of license of any

bail bondsman, the license of any and all bail bondsmen who are

members of a bail bond agency, whether incorporated or

unincorporated, and who knowingly are parties to the act which

formed the ground for the suspension or revocation may likewise be

suspended or revoked for the same period as that of the offending

bail bondsman; but this shall not prevent any bail bondsman, except

the one whose license was first suspended or revoked or the bondsman

member of the agency who was a knowing participant, from being

licensed as a member of some other bail bond agency.

F. Though issued to a licensee, all certificates of licenses

issued under this act are at all times the property of this state,

and upon notice of any suspension, revocation, refusal to renew,

expiration or other termination of the license, the licensee or

other person having either the original or copy of the license shall

promptly deliver the certificate of license or copy thereof to the

Commissioner for cancellation.

G. As to any certificate of license lost, stolen or destroyed

while in the possession of any such licensee or person, the

Commissioner may accept in lieu of return of the certificate, the

affidavit of the licensee or other person responsible for or

involved in the safekeeping of such certificate, concerning the

facts of such loss, theft or destruction. Willful falsification of

any such affidavit shall, upon conviction, be subject to punishment

as for perjury.

H. This section shall not be deemed to require the delivery to

the Commissioner of any certificate of license which, as shown by

specific date of expiration on the face of the license, has already

expired, unless such delivery has been requested by the

Commissioner.

Added by Laws 1984, c. 225, § 13, emerg. eff. May 23, 1984. Amended

by Laws 1987, c. 211, § 14, eff. Nov. 1, 1987.

Oklahoma Statutes - Title 59. Professions and Occupations