Okla. Stat. tit. 36, § 36-4030
This is the official text of Okla. Stat. tit. 36, § 36-4030, 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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Manner of paying premiums for single premium life
Official statutory text
policies and annuity contracts.
A. Except as may be otherwise approved by the Insurance
Commissioner, no single premium policy of life insurance or single
premium annuity contract shall be delivered or issued for delivery
in Oklahoma for a consideration other than cash, cashier's check,
check, bank draft, money order, premium note or electronic payment.
This act shall not apply to the transfer of securities to an insurer
pursuant to the insuring of a pension or profit sharing plan
qualified under the Federal Internal Revenue Code.
Oklahoma Statutes - Title 36. Insurance Page 851
B. This act shall not be held to repeal or alter any law now in
effect, but shall be construed as cumulative with and supplemental
to other laws and acts now in effect or enacted hereafter.
A. Except as may be otherwise approved by the Insurance
Commissioner, no single premium policy of life insurance or single
premium annuity contract shall be delivered or issued for delivery
in Oklahoma for a consideration other than cash, cashier's check,
check, bank draft, money order, premium note or electronic payment.
This act shall not apply to the transfer of securities to an insurer
pursuant to the insuring of a pension or profit sharing plan
qualified under the Federal Internal Revenue Code.
Oklahoma Statutes - Title 36. Insurance Page 851
B. This act shall not be held to repeal or alter any law now in
effect, but shall be construed as cumulative with and supplemental
to other laws and acts now in effect or enacted hereafter.
Status: in_force · Read it on the official government site
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