Okla. Stat. tit. 36, § 36-2504
This is the official text of Okla. Stat. tit. 36, § 36-2504, 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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Companies to which applicable; application of other laws;
Official statutory text
use of term "stipulated premium".
Any corporation, company or association issuing policies or
certificates promising money or other benefits to a member or
policyholder, or, upon his decease, to his legal representatives, or
to beneficiaries designated by him, which money or benefit is
derived from stipulated premiums collected in advance from its
members or policyholders, and from interest and other accumulations,
and wherein the money or other benefits so realized is applied to or
accumulated solely for the use and purposes of the corporation as
herein specified, and for the necessary expenses of the corporation,
and the prosecution and enlargement of its business and which shall
comply with all the provisions of this article, shall be deemed to
be engaged in the business of life insurance and accident and health
insurance upon the stipulated premium plan. It shall be unlawful
for any corporation, company or association not having complied with
the provisions of this article to use the term "stipulated premium"
in its application or contracts, or to print or write the same in
its policies, literature or advertisements.
Any corporation, company or association issuing policies or
certificates promising money or other benefits to a member or
policyholder, or, upon his decease, to his legal representatives, or
to beneficiaries designated by him, which money or benefit is
derived from stipulated premiums collected in advance from its
members or policyholders, and from interest and other accumulations,
and wherein the money or other benefits so realized is applied to or
accumulated solely for the use and purposes of the corporation as
herein specified, and for the necessary expenses of the corporation,
and the prosecution and enlargement of its business and which shall
comply with all the provisions of this article, shall be deemed to
be engaged in the business of life insurance and accident and health
insurance upon the stipulated premium plan. It shall be unlawful
for any corporation, company or association not having complied with
the provisions of this article to use the term "stipulated premium"
in its application or contracts, or to print or write the same in
its policies, literature or advertisements.
Status: in_force · Read it on the official government site
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