Okla. Stat. tit. 36, § 36-3626
This is the official text of Okla. Stat. tit. 36, § 36-3626, 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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Payment discharges insurer
Official statutory text
Whenever the proceeds of or payments under a life or accident
and health insurance policy or annuity contract heretofore or
hereafter issued become payable in accordance with the terms of such
policy or contract, or the exercise of any right or privilege
thereunder, and the insurer makes payment thereof in accordance with
the terms of the policy or contract or in accordance with any
written assignment thereof, the person then designated in the policy
or contract or by such assignment as being entitled thereto shall be
entitled to receive such proceeds or payments and to give full
acquittance therefor, and such payments shall fully discharge the
insurer from all claims under the policy or contract unless, before
payment is made, the insurer has received at its home office written
notice by or on behalf of some other person that such other person
claims to be entitled to such payment or some interest in the policy
or contract.
and health insurance policy or annuity contract heretofore or
hereafter issued become payable in accordance with the terms of such
policy or contract, or the exercise of any right or privilege
thereunder, and the insurer makes payment thereof in accordance with
the terms of the policy or contract or in accordance with any
written assignment thereof, the person then designated in the policy
or contract or by such assignment as being entitled thereto shall be
entitled to receive such proceeds or payments and to give full
acquittance therefor, and such payments shall fully discharge the
insurer from all claims under the policy or contract unless, before
payment is made, the insurer has received at its home office written
notice by or on behalf of some other person that such other person
claims to be entitled to such payment or some interest in the policy
or contract.
Status: in_force · Read it on the official government site
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