1. A. Each organization desiring to accept money or anything of value for prepaid funeral benefits or an agreement to provide funeral benefits in the future at a fixed or predetermined cost, shall file an application for a permit with the Insurance Commissioner, and shall at the time of filing such application pay one initial filing fee of Fifty Dollars ($50.00). The Insurance Commissioner shall issue a permit upon the receipt of the application and payment of the filing fee, and upon making a finding that the applicant has complied with the rules and regulations as may be established under this act by the Insurance Commissioner. Additionally, after January 1, 1994, the Insurance Commissioner shall be required to confirm compliance of the applicant with the Funeral Services Licensing Act, Section 395.1 et seq. of Title 59 of the Oklahoma Statutes, and the rules and regulations established pursuant to said act, or the Agents Licensing Act, Section 1421 et seq. of this title, prior to the issuance of the permit. Provided that all such applications shall be signed by the organization requesting the permit, and shall contain a statement that the applicant will comply with all the requirements as established by this act. All permits shall expire on the 31st day of December of the year said permit is first issued, unless renewed; permits may be renewed for a period not to exceed the succeeding December 31 upon the payment of a renewal fee of Fifty Dollars ($50.00). Late application for renewal of a license shall require a fee of double the renewal fee. No application for renewal of a license shall be accepted after January 31 of each year. Applicants shall be required to reapply as if they were a new applicant.
2. B. The Insurance Commissioner may cancel a permit or refuse to issue a permit or refuse to issue a renewal of such permit for failure to comply with any provision of this act, or any valid rule or regulation, which the Insurance Commissioner has prescribed, after reasonable notice to the permittee and after hearing if the permittee requests a hearing. When the Insurance Commissioner cancels a permit or refuses to issue a renewal of such permit for a violation as provided by this subsection, the Insurance Commissioner shall notify the Oklahoma State Board of Embalmers and Funeral Directors of such action and the nature of any violations.
3. C. No organization shall be entitled to a new permit for a period of one (1) year after cancellation, or refusal by the Insurance Commissioner to renew his permit but shall thereafter be entitled to a new permit upon satisfactory proof of compliance with this law, after the expiration of said one (1) year.
4. D. Any person or organization aggrieved by the actions of the Insurance Commissioner may appeal therefrom as provided by the Administrative Procedures Act, Section 301 et seq. of Title 75 of the Oklahoma Statutes.

Laws 1970, HB 1752, c. 332, § 4; Amended by Laws 1984, SB 428, c. 56, § 1, emerg. eff. July 1, 1984; Amended by Laws 1985, HB 1424, c. 328, § 22, emerg. eff. July 29, 1985; Amended by Laws 1988, SB 612, c. 118, § 3, eff. November 1, 1988; Amended by Laws 1993, HB 1747, c. 267, § 2, eff. September 1, 1993.