{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-6461","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-6461","heading":"Violations - Penalties","body":"A. A risk retention group which violates any provision of the\n\nOklahoma Risk Retention Act shall be subject to fines and penalties\n\napplicable to licensed insurers generally, including but not limited\n\nto revocation of license and the authority to transact insurance\n\nbusiness in this state.\n\nB. A risk retention group doing business in this state that is\n\nnot licensed pursuant to the Oklahoma Risk Retention Act shall be\n\nconsidered an unauthorized insurer and shall be subject to the\n\nprovisions of applicable sections of the Insurance Code pertaining\n\nto unauthorized insurers.\n\nC. A purchasing group that is registered pursuant to the\n\nOklahoma Risk Retention Act and which violates any provision of said\n\nact shall be subject to a fine of up to One Thousand Dollars\n\n($1,000.00) and censure, suspension, or revocation of license or by\n\nboth such fine and licensure proceedings, after notice and hearing.\n\nD. A purchasing group doing business in this state which is not\n\nregistered shall be considered an unauthorized insurer and subject\n\nto the provisions of applicable sections of the Insurance Code\n\npertaining to unauthorized insurers.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"14449aac33e24fa180abaf5be7f0d9f33bdc5dcbc5cd78e2fef5535d3179f192","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-6460","next":"us-ok/okla.-stat.-tit.-36-36-6462"},"notice":"GroundRules: Original legal text. Not legal advice."}