Okla. Stat. tit. 36, § 36-3644

This is the official text of Okla. Stat. tit. 36, § 36-3644, 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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Application of act - Exemptions

Official statutory text

Oklahoma Statutes - Title 36. Insurance Page 820

A. The Life, Accident and Health Insurance Policy Language

Simplification Act shall apply to all policies delivered or issued

for delivery in this state by any company on or after the date such

forms must be approved, except:

1. any policy which is a security subject to federal

jurisdiction;

2. any group annuity contract which serves as a funding

mechanism for pension, profit sharing, or deferred compensation

plans;

3. any form used in connection with, as a conversion from, as

an addition to, or in exchange pursuant to a contractual provision

for, a policy delivered or issued for delivery on a form approved or

permitted to be issued prior to January 1, 1990;

4. the renewal of a policy delivered or issued for delivery

prior to January 1, 1990; or

5. any group policy covering a group of one thousand or more

lives at the date of issue, other than a group credit life insurance

policy or a group credit health insurance policy; however, this

shall not exempt any certificate issued pursuant to a group policy

delivered or issued for delivery in this state.

B. Any non-English language policy delivered or issued for

delivery in this state shall be deemed to be in compliance with the

Life, Accident and Health Insurance Policy Language Simplification

Act if the insurer certifies that such policy is translated from an

English language policy which does comply with said act.

Status: in_force · Read it on the official government site

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