Okla. Stat. tit. 36, § 36-311.1: Fraudulent or false statement - Failure to timely file

statement - Penalty.

A. Any insurer who files with the Insurance Commissioner any

statement required by this Code knowing such statement to be

fraudulent and materially false, upon conviction, shall be guilty of

a Class D1 felony offense, for which the punishment shall be a fine

of not to exceed Fifty Thousand Dollars ($50,000.00). Any officer,

actuary, or employee of such insurer who causes such statement to be

filed, knowing the fraudulent and materially false nature thereof,

upon conviction, shall be guilty of a Class D1 felony offense, for

which the punishment for each occurrence shall be a fine of not to

exceed Twenty-five Thousand Dollars ($25,000.00), or imprisonment as

provided for in subsections B through F of Section 20N of Title 21

of the Oklahoma Statutes, or both said fine and imprisonment, and

shall never again be permitted to act as an actuary, officer, or

director of any insurer licensed to do business in this state.

B. Any insurer who fails without reasonable cause and

permission of the Commissioner to timely file any statement required

by this Code shall be subject, after notice and opportunity for

hearing, to censure, suspension or revocation of certificate.

Annual statements filed after the first day of March without express

written advance permission of the Commissioner shall be accompanied

by a late filing fee in the amount of Two Hundred Fifty Dollars

($250.00) or One Hundred Dollars ($100.00) per day, whichever is

greater. Repeated willful violations, after notice and opportunity

for hearing, may subject the insurer to both censure, suspension, or

revocation of certificate and civil penalty of not less than One

Hundred Dollars ($100.00) nor more than Ten Thousand Dollars

($10,000.00) for each occurrence in addition to the late filing fee.

C. Prosecution or administrative action for any violation of

the provisions of this section shall be commenced within four (4)

years after the violation is discovered.