Okla. Stat. tit. 36, § 36-1241.1
This is the official text of Okla. Stat. tit. 36, § 36-1241.1, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Property and casualty policies – Provision relating to
Official statutory text
process for premium refund for cancellation prior to end of policy
period.
Each property and casualty insurance policy approved by the
Insurance Commissioner shall contain a provision describing the
process for premium refund if the insured cancels the policy before
the end of the policy period as defined in the policy. The
provision is to be included in the policy, or by rider or
endorsement attached to the policy. The policy does not have to
contain the exact wording of this section or any other exact
wording. Language which is substantially similar to this section
shall be considered to be in compliance with this section.
period.
Each property and casualty insurance policy approved by the
Insurance Commissioner shall contain a provision describing the
process for premium refund if the insured cancels the policy before
the end of the policy period as defined in the policy. The
provision is to be included in the policy, or by rider or
endorsement attached to the policy. The policy does not have to
contain the exact wording of this section or any other exact
wording. Language which is substantially similar to this section
shall be considered to be in compliance with this section.
Status: in_force · Read it on the official government site
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