Okla. Stat. tit. 36, § 36-4055.17
This is the official text of Okla. Stat. tit. 36, § 36-4055.17, 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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Compliance with act
Official statutory text
A. A viatical or life settlement provider lawfully transacting
business in this state prior to the effective date of the Viatical
Settlements Act of 2008 may continue to do so pending approval or
disapproval of that person’s application for a license if the
application is filed with the Commissioner not later than sixty (60)
calendar days after publication of the application form and
instructions for licensure of providers. If the publication of the
application form and instructions is prior to the effective date of
this act, then the application shall be filed no later than sixty
(60) calendar days after the effective date of the act. During the
time that such an application is pending with the Commissioner, the
applicant may use any form of viatical settlement contract that has
been filed with the Commissioner pending approval thereof, provided
that such form is otherwise in compliance with the provisions of
this act. Any person transacting business in this state under this
subsection shall comply with all other requirements of this act.
B. A person who has lawfully negotiated viatical or life
settlement contracts between any owner residing in this state and
one or more providers for at least one year immediately prior to the
Oklahoma Statutes - Title 36. Insurance Page 904
effective date of this act may continue to do so pending approval or
disapproval of that person’s application for a license if the
application is filed with the Commissioner not later than sixty (60)
calendar days after publication of the application form and
instructions for licensure of brokers. If the publication of the
application form and instructions is prior to the effective date of
this act, then the application shall be filed no later than sixty
(60) calendar days after the effective date of the act. Any person
transacting business in this state under this subsection shall
comply with all other requirements of this act.
business in this state prior to the effective date of the Viatical
Settlements Act of 2008 may continue to do so pending approval or
disapproval of that person’s application for a license if the
application is filed with the Commissioner not later than sixty (60)
calendar days after publication of the application form and
instructions for licensure of providers. If the publication of the
application form and instructions is prior to the effective date of
this act, then the application shall be filed no later than sixty
(60) calendar days after the effective date of the act. During the
time that such an application is pending with the Commissioner, the
applicant may use any form of viatical settlement contract that has
been filed with the Commissioner pending approval thereof, provided
that such form is otherwise in compliance with the provisions of
this act. Any person transacting business in this state under this
subsection shall comply with all other requirements of this act.
B. A person who has lawfully negotiated viatical or life
settlement contracts between any owner residing in this state and
one or more providers for at least one year immediately prior to the
Oklahoma Statutes - Title 36. Insurance Page 904
effective date of this act may continue to do so pending approval or
disapproval of that person’s application for a license if the
application is filed with the Commissioner not later than sixty (60)
calendar days after publication of the application form and
instructions for licensure of brokers. If the publication of the
application form and instructions is prior to the effective date of
this act, then the application shall be filed no later than sixty
(60) calendar days after the effective date of the act. Any person
transacting business in this state under this subsection shall
comply with all other requirements of this act.
Status: in_force · Read it on the official government site
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