Okla. Stat. tit. 36, § 36-4080: Enforcement of compliance
Where this section sits in the code
- OK Code
- Title 36
A. If the Insurance Commissioner or an independent hearing
examiner finds that a violation of this act has occurred, the
Insurance Commissioner shall enforce compliance with this act by
sending a letter by certified mail, return receipt requested,
demanding that the charitable organization comply with this act. If
the charitable organization fails to comply with the demand within
thirty (30) days of receipt of the letter, the charitable
organization may be censured by the Insurance Commissioner or may be
subject to a civil fine of not less than One Thousand Dollars
($1,000.00) but not more than Ten Thousand Dollars ($10,000.00)
until such time as the charitable organization brings itself into
compliance with this act.
B. If the Insurance Commissioner or an independent hearing
examiner finds that the violation or threatened violation of this
act is willful and is substantially injurious to the public, the
Commissioner may file an action in district court to prevent,
restrain or enjoin such violation or threatened violation.
C. The failure of a charitable organization to comply with the
requirements of this act does not prevent a charitable gift annuity
from otherwise being a charitable gift annuity under the Internal
Revenue Code.
Collected 2026-09-14T18:32:36Z. Source file · JSON