Okla. Stat. tit. 36, § 36-4011
This is the official text of Okla. Stat. tit. 36, § 36-4011, 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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Reinstatement
Official statutory text
There shall be a provision that unless the policy has been
surrendered for its cash surrender value or unless the paid-up term
insurance, if any, has expired, the policy will be reinstated at any
time within three (3) years from the date of premium default upon
written application therefor, the production of evidence of
insurability satisfactory to the insurer, the payment of all
premiums in arrears, with interest at a rate not exceeding six
Oklahoma Statutes - Title 36. Insurance Page 830
percent (6%) compounded annually, and the payment or reinstatement
of any other indebtedness to the insurer upon the policy, with
compound interest at the interest rate or rates which apply to
policy loans between the due date of the premium first in default
and the date of reinstatement.
surrendered for its cash surrender value or unless the paid-up term
insurance, if any, has expired, the policy will be reinstated at any
time within three (3) years from the date of premium default upon
written application therefor, the production of evidence of
insurability satisfactory to the insurer, the payment of all
premiums in arrears, with interest at a rate not exceeding six
Oklahoma Statutes - Title 36. Insurance Page 830
percent (6%) compounded annually, and the payment or reinstatement
of any other indebtedness to the insurer upon the policy, with
compound interest at the interest rate or rates which apply to
policy loans between the due date of the premium first in default
and the date of reinstatement.
Status: in_force · Read it on the official government site
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