Okla. Stat. tit. 36, § 6622 – Repealed

The Insurance Commissioner shall deny, suspend, revoke, or refuse to renew or continue the registration of any sales representative if it is found that any one or more of the following grounds applicable to the sales representative exist:

1. Material misstatement, misrepresentation, or fraud in registration;
2. The registration is willfully used to circumvent any of the requirements or prohibitions of the Service Warranty Insurance Act;
3. Willful misrepresentation of any service warranty contract or willful deception with regard to any such contract, done either in person or by any form of dissemination of information or advertising;
4. In the adjustment of claims arising out of warranties, material misrepresentation to a service warranty holder or other interested party of the terms and coverage of a contract with the intent and for the purpose of effecting settlement of such claim on less favorable terms than those provided in and contemplated by the contract;
5. Demonstrated lack of fitness or trustworthiness to engage in the business of service warranty;
6. Demonstrated lack of adequate knowledge and technical competence to engage in the transactions authorized by the registration;
7. Fraudulent or dishonest practices in the conduct of business under the registration;
8. Misappropriation, conversion, or unlawful withholding of moneys belonging to an association, insurer, or warranty holder, or to others, and received in the conduct of business under the registration;
9. Unlawfully rebating, or attempting to unlawfully rebate, or unlawfully dividing, or offering to divide, his commission with another;
10. Willful failure to comply with, or willful violation of, any proper order or rule of the Commissioner, or willful violation of any provision of the Service Warranty Insurance Act; or
11. Being found guilty of or pleading nolo contendere to a felony or a crime punishable by imprisonment of one (1) year or more under the law of the United States of America or any state thereof or under the law of any other country involving moral turpitude, without regard to whether judgment of conviction has been entered by the court having jurisdiction of such case.

Added by Laws 1993, HB 1001, c. 108, § 22, eff. September 1, 1993; Amended by Laws 2008, SB 1428, c. 353, § 25, eff. July 1, 2009 (superseded document available).

1. Material misstatement, misrepresentation, or fraud in registration;
2. The registration is willfully used to circumvent any of the requirements or prohibitions of the Service Warranty Insurance Act;
3. Willful misrepresentation of any service warranty contract or willful deception with regard to any such contract, done either in person or by any form of dissemination of information or advertising;
4. In the adjustment of claims arising out of warranties, material misrepresentation to a service warranty holder or other interested party of the terms and coverage of a contract with the intent and for the purpose of effecting settlement of such claim on less favorable terms than those provided in and contemplated by the contract;
5. Demonstrated lack of fitness or trustworthiness to engage in the business of service warranty;
6. Demonstrated lack of adequate knowledge and technical competence to engage in the transactions authorized by the registration;
7. Fraudulent or dishonest practices in the conduct of business under the registration;
8. Misappropriation, conversion, or unlawful withholding of moneys belonging to an association, insurer, or warranty holder, or to others, and received in the conduct of business under the registration;
9. Unlawfully rebating, or attempting to unlawfully rebate, or unlawfully dividing, or offering to divide, his commission with another;
10. Willful failure to comply with, or willful violation of, any proper order or rule of the Commissioner, or willful violation of any provision of the Service Warranty Insurance Act; or
11. Being found guilty of or pleading nolo contendere to a felony or a crime punishable by imprisonment of one (1) year or more under the law of the United States of America or any state thereof or under the law of any other country involving moral turpitude, without regard to whether judgment of conviction has been entered by the court having jurisdiction of such case.

Added by Laws 1993, HB 1001, c. 108, § 22, eff. September 1, 1993; Amended by Laws 2008, SB 1428, c. 353, § 25, eff. July 1, 2009 (superseded document available).