Okla. Stat. tit. 36, § 36-3632
This is the official text of Okla. Stat. tit. 36, § 36-3632, 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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Exemption of proceeds, group life
Official statutory text
A. A policy of group life insurance or the proceeds thereof
payable to the individual insured or to the beneficiary thereunder,
shall not be liable, either before or after payment, to be applied
by any legal or equitable process to pay any liability of any person
having a right under the policy. The proceeds thereof, when not
made payable to a named beneficiary or to a third person pursuant to
a facility-of-payment clause, shall not constitute a part of the
estate of the individual insured for the payment of his debts.
B. This section shall not apply to group life insurance issued
pursuant to Article 41 (Group life insurance and group annuity
contracts) to a creditor covering his debtors, to the extent that
such proceeds are applied to payment of the obligation for the
purpose of which the insurance was so issued.
payable to the individual insured or to the beneficiary thereunder,
shall not be liable, either before or after payment, to be applied
by any legal or equitable process to pay any liability of any person
having a right under the policy. The proceeds thereof, when not
made payable to a named beneficiary or to a third person pursuant to
a facility-of-payment clause, shall not constitute a part of the
estate of the individual insured for the payment of his debts.
B. This section shall not apply to group life insurance issued
pursuant to Article 41 (Group life insurance and group annuity
contracts) to a creditor covering his debtors, to the extent that
such proceeds are applied to payment of the obligation for the
purpose of which the insurance was so issued.
Status: in_force · Read it on the official government site
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