Okla. Stat. tit. 36, § 36-2505
This is the official text of Okla. Stat. tit. 36, § 36-2505, 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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Valuation of outstanding policies; computation
Official statutory text
Each and every company incorporated transacting business under
the provisions of this article shall annually make valuations of all
outstanding policies of life insurance as of December 31st of each
year, computed upon a calculation which shall show a value not less
than that shown in accordance with the one-year preliminary term
method, based upon the American Experience Table of Mortality and
three and one-half percent (3 1/2%) per annum, assuming an average
risk exposure of six (6) months on all new policies issued within
each calendar year.
the provisions of this article shall annually make valuations of all
outstanding policies of life insurance as of December 31st of each
year, computed upon a calculation which shall show a value not less
than that shown in accordance with the one-year preliminary term
method, based upon the American Experience Table of Mortality and
three and one-half percent (3 1/2%) per annum, assuming an average
risk exposure of six (6) months on all new policies issued within
each calendar year.
Status: in_force · Read it on the official government site
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