Okla. Stat. tit. 36, § 36-4112
This is the official text of Okla. Stat. tit. 36, § 36-4112, 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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Payment of proceeds - Time
Official statutory text
An insurer shall pay the proceeds of any benefits under group
life insurance policy not more than thirty (30) days after the
Oklahoma Statutes - Title 36. Insurance Page 930
insurer has received proof of death of the insured. If the proceeds
are not paid within this period, the insurer shall pay interest on
the proceeds, at a rate which is not less than the current rate of
interest on death proceeds on deposit with the insurer, from the
date of death of the insured to the date when the proceeds are paid.
Payment shall be deemed to have been made on the date an electronic
payment is made or a check, draft or other valid instrument which is
equivalent to payment was placed in the U.S. mails in a properly
addressed, postpaid envelope; or, if not so posted, on the date of
delivery of such instrument to the beneficiary.
life insurance policy not more than thirty (30) days after the
Oklahoma Statutes - Title 36. Insurance Page 930
insurer has received proof of death of the insured. If the proceeds
are not paid within this period, the insurer shall pay interest on
the proceeds, at a rate which is not less than the current rate of
interest on death proceeds on deposit with the insurer, from the
date of death of the insured to the date when the proceeds are paid.
Payment shall be deemed to have been made on the date an electronic
payment is made or a check, draft or other valid instrument which is
equivalent to payment was placed in the U.S. mails in a properly
addressed, postpaid envelope; or, if not so posted, on the date of
delivery of such instrument to the beneficiary.
Status: in_force · Read it on the official government site
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