Okla. Stat. tit. 36, § 36-4101.1
This is the official text of Okla. Stat. tit. 36, § 36-4101.1, 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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Extension of policies to insure dependents - Payment of
Official statutory text
premiums - Conversion rights.
A. Insurance under any group life insurance policy issued
pursuant to paragraphs 1, 3, 4, 5 and 6 of Section 4101 of this
title, may be extended to insure the dependents, or any class or
classes thereof, of each insured employee or member who so elects in
amounts in accordance with a plan which precludes individual
selection. The term "dependent" means the spouse of the insured
employee or member or an insured employee's or member's child under
twenty-six (26) years of age or his or her child twenty-six (26)
years or older who is attending an educational institution and
relying upon the insured employee or member for financial support.
B. Premiums for the insurance on such dependents shall be paid
by the policyholder either wholly from policyholder's funds, or from
funds contributed wholly by the employees or members, or partly from
funds contributed by the policyholder and partly by the employees or
members.
C. A dependent pursuant to this section shall have the same
conversion right as to the insurance on his or her life as is vested
in the employee or union member.
D. Notwithstanding the provisions of paragraph 7 of Section
4103 of this title, only one certificate need be issued for each
family unit if a statement concerning any dependent's coverage is
included in such certificate.
A. Insurance under any group life insurance policy issued
pursuant to paragraphs 1, 3, 4, 5 and 6 of Section 4101 of this
title, may be extended to insure the dependents, or any class or
classes thereof, of each insured employee or member who so elects in
amounts in accordance with a plan which precludes individual
selection. The term "dependent" means the spouse of the insured
employee or member or an insured employee's or member's child under
twenty-six (26) years of age or his or her child twenty-six (26)
years or older who is attending an educational institution and
relying upon the insured employee or member for financial support.
B. Premiums for the insurance on such dependents shall be paid
by the policyholder either wholly from policyholder's funds, or from
funds contributed wholly by the employees or members, or partly from
funds contributed by the policyholder and partly by the employees or
members.
C. A dependent pursuant to this section shall have the same
conversion right as to the insurance on his or her life as is vested
in the employee or union member.
D. Notwithstanding the provisions of paragraph 7 of Section
4103 of this title, only one certificate need be issued for each
family unit if a statement concerning any dependent's coverage is
included in such certificate.
Status: in_force · Read it on the official government site
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