Okla. Stat. tit. 36, § 36-5111: Penalties; restitution; review

A. A reinsurance intermediary, insurer or reinsurer found by

the Insurance Commissioner, after notice and opportunity for a

hearing conducted in accordance with the Administrative Procedures

Act, to be in violation of any provision of the Reinsurance

Intermediary Act, shall:

1. For each separate violation, pay a penalty in an amount not

exceeding Five Thousand Dollars ($5,000.00); and

2. Be subject to revocation or suspension of license.

B. In addition, if a violation of the Reinsurance Intermediary

Act is committed by a reinsurance intermediary, such reinsurance

intermediary shall make restitution to the insurer, reinsurer,

rehabilitator or liquidator of the insurer or reinsurer for the net

losses incurred by the insurer or reinsurer attributable to such

violation.

C. The decision, determination, or order of the Commissioner

pursuant to this section shall be subject to judicial review

pursuant to the Administrative Procedures Act.

D. Nothing contained in this section shall affect the right of

the Commissioner to impose any other penalties provided in the

Oklahoma Insurance Code.

E. Nothing contained in the Reinsurance Intermediary Act is

intended to or shall in any manner limit or restrict the rights of

policyholders, claimants, creditors, or other third parties or

confer any rights to such persons.