Okla. Stat. tit. 36, § 36-4003
This is the official text of Okla. Stat. tit. 36, § 36-4003, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Grace period
Official statutory text
There shall be a provision that a grace period of thirty (30)
days, or, at the option of the insurer, of one month of not less
than thirty (30) days, shall be allowed within which the payment of
any premium after the first may be made, during which period of
grace the policy shall continue in full force; but if a claim arises
under the policy during such period of grace before the overdue
premium is paid the amount of such premium may be deducted from the
policy proceeds.
days, or, at the option of the insurer, of one month of not less
than thirty (30) days, shall be allowed within which the payment of
any premium after the first may be made, during which period of
grace the policy shall continue in full force; but if a claim arises
under the policy during such period of grace before the overdue
premium is paid the amount of such premium may be deducted from the
policy proceeds.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.