Okla. Stat. tit. 36, § 36-3623.2
This is the official text of Okla. Stat. tit. 36, § 36-3623.2, 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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Death of insured – Refund of premiums
Official statutory text
A. Premiums paid for coverage of life, accident and health
insurance shall be refunded from the date of death of the insured to
the premium due date.
1. The refund of premium shall be on a daily pro-rata basis.
2. Premium refunds shall be provided within ninety (90) days
from the date of valid proof of loss has been received.
B. As it pertains to this section, life, accident and health
insurance coverage shall include any policy, contract, plan or
agreement of life, accident and health insurance, or subscriber
certificates of life or medical care corporations, health care
corporations, hospital service associations, or health care
maintenance organizations, delivered or issued for delivery in this
state by any insurer; any certificate, contract or policy issued by
a fraternal benefit society; any policy or certificate issued
pursuant to a group insurance policy delivered or issued for
delivery in this state; and any evidence of coverage issued by a
health maintenance organization. Life, accident and health
insurance coverage shall include long-term care, dental, vision and
disability insurance policies and certificates.
insurance shall be refunded from the date of death of the insured to
the premium due date.
1. The refund of premium shall be on a daily pro-rata basis.
2. Premium refunds shall be provided within ninety (90) days
from the date of valid proof of loss has been received.
B. As it pertains to this section, life, accident and health
insurance coverage shall include any policy, contract, plan or
agreement of life, accident and health insurance, or subscriber
certificates of life or medical care corporations, health care
corporations, hospital service associations, or health care
maintenance organizations, delivered or issued for delivery in this
state by any insurer; any certificate, contract or policy issued by
a fraternal benefit society; any policy or certificate issued
pursuant to a group insurance policy delivered or issued for
delivery in this state; and any evidence of coverage issued by a
health maintenance organization. Life, accident and health
insurance coverage shall include long-term care, dental, vision and
disability insurance policies and certificates.
Status: in_force · Read it on the official government site
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