Okla. Stat. tit. 36, § 36-2720.1
This is the official text of Okla. Stat. tit. 36, § 36-2720.1, 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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Nonforfeiture benefits - Cash surrender values -
Official statutory text
Certificate loans or other options.
A. For certificates issued prior to one (1) year after the
effective date of this act, the value of every paid-up nonforfeiture
benefit and the amount of any cash surrender value, loan or other
option granted shall comply with the provisions of law applicable
immediately prior to the effective date of this act.
B. For certificates issued on or after one (1) year from the
effective date of this act for which reserves are computed on the
Insurance Commissioner's 1941 Standard Ordinary Mortality Table, the
Commissioner's 1941 Standard Industrial Table, the Commissioner's
1958 Standard Ordinary Mortality Table, or the Commissioner's 1980
Standard Mortality Table, or any more recent table made applicable
to life insurers, every paid-up nonforfeiture benefit and the amount
of any cash surrender value, loan or other option granted shall not
be less than the corresponding amount ascertained in accordance with
Oklahoma Statutes - Title 36. Insurance Page 726
the laws of this state applicable to life insurers issuing policies
containing like benefits based upon such tables.
A. For certificates issued prior to one (1) year after the
effective date of this act, the value of every paid-up nonforfeiture
benefit and the amount of any cash surrender value, loan or other
option granted shall comply with the provisions of law applicable
immediately prior to the effective date of this act.
B. For certificates issued on or after one (1) year from the
effective date of this act for which reserves are computed on the
Insurance Commissioner's 1941 Standard Ordinary Mortality Table, the
Commissioner's 1941 Standard Industrial Table, the Commissioner's
1958 Standard Ordinary Mortality Table, or the Commissioner's 1980
Standard Mortality Table, or any more recent table made applicable
to life insurers, every paid-up nonforfeiture benefit and the amount
of any cash surrender value, loan or other option granted shall not
be less than the corresponding amount ascertained in accordance with
Oklahoma Statutes - Title 36. Insurance Page 726
the laws of this state applicable to life insurers issuing policies
containing like benefits based upon such tables.
Status: in_force · Read it on the official government site
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