SECTION 365:25-23-2. Permit required

Latest version.

  Pursuant to the Cemetery Merchandise Trust Act, any organization which shall accept money or anything of value for prepaid cemetery merchandise pursuant to a prepaid cemetery merchandise contract shall obtain a permit from the Oklahoma Insurance Department authorizing the transaction of this type of business prior to the commencement of this type of business. The Commissioner may deny the issuance of a permit if the organization or any of its owners or officers:
(1)   Makes a material misstatement or misrepresentation in an application or permit;
(2)   Has been sentenced, convicted, pled guilty or nolo contendre to a crime involving fraud, dishonesty or moral turpitude; or
(3)   Fraudulently or deceptively obtains or attempts to obtain a permit for another.

[Source: Added at 28 Ok Reg 214, eff 10-19-10 (emergency); Added at 28 Ok Reg 1964, eff 7-14-11]

                    
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