Okla. Stat. tit. 36, § 36-3642
This is the official text of Okla. Stat. tit. 36, § 36-3642, 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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Purpose of act - Intent
Official statutory text
A. The purpose of the Life, Accident and Health Insurance
Policy Language Simplification Act is to establish minimum standards
for language used in policies and certificates of life, accident and
health insurance, and subscriber certificates of medical care
corporations, health care corporations, hospital service
associations, and health maintenance organizations, delivered or
issued for delivery in this state, to facilitate ease of reading by
insureds and subscribers.
B. The Life, Accident and Health Insurance Policy Language
Simplification Act is not intended to increase the risk assumed by
insurance companies or other entities or to supercede their
obligation to comply with the substance of other applicable
insurance laws. The Life, Accident and Health Insurance Policy
Language Simplification Act is not intended to impede flexibility
and innovation in the development of policy forms or content, or to
lead to the standardization of policy forms or content.
Policy Language Simplification Act is to establish minimum standards
for language used in policies and certificates of life, accident and
health insurance, and subscriber certificates of medical care
corporations, health care corporations, hospital service
associations, and health maintenance organizations, delivered or
issued for delivery in this state, to facilitate ease of reading by
insureds and subscribers.
B. The Life, Accident and Health Insurance Policy Language
Simplification Act is not intended to increase the risk assumed by
insurance companies or other entities or to supercede their
obligation to comply with the substance of other applicable
insurance laws. The Life, Accident and Health Insurance Policy
Language Simplification Act is not intended to impede flexibility
and innovation in the development of policy forms or content, or to
lead to the standardization of policy forms or content.
Status: in_force · Read it on the official government site
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