Okla. Stat. tit. 36, § 36-4106
This is the official text of Okla. Stat. tit. 36, § 36-4106, 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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Group annuity; grace period
Official statutory text
In group annuity contracts there shall be a provision that there
shall be a period of grace, either of thirty (30) days or of one (1)
month, within which any stipulated payment to be remitted by the
holder to the insurer, falling due after one (1) year from date of
Oklahoma Statutes - Title 36. Insurance Page 928
issue, may be made, subject, at the option of the insurer, to an
interest charge thereon at a rate to be specified in the contract,
which shall not exceed six percent (6%) per annum for the number of
days of grace elapsing before such payment.
shall be a period of grace, either of thirty (30) days or of one (1)
month, within which any stipulated payment to be remitted by the
holder to the insurer, falling due after one (1) year from date of
Oklahoma Statutes - Title 36. Insurance Page 928
issue, may be made, subject, at the option of the insurer, to an
interest charge thereon at a rate to be specified in the contract,
which shall not exceed six percent (6%) per annum for the number of
days of grace elapsing before such payment.
Status: in_force · Read it on the official government site
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