Okla. Stat. tit. 36, § 36-4208
This is the official text of Okla. Stat. tit. 36, § 36-4208, 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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Dividends
Official statutory text
If a participating policy, there shall be a provision that the
insurer shall annually ascertain and apportion any divisible surplus
accruing on the policy, except that at the option of the insurer
such participation may be deferred to the end of the fifth policy
year. This provision shall not prohibit the payment of additional
dividends on default of payment of premiums or termination of the
policy.
Oklahoma Statutes - Title 36. Insurance Page 932
insurer shall annually ascertain and apportion any divisible surplus
accruing on the policy, except that at the option of the insurer
such participation may be deferred to the end of the fifth policy
year. This provision shall not prohibit the payment of additional
dividends on default of payment of premiums or termination of the
policy.
Oklahoma Statutes - Title 36. Insurance Page 932
Status: in_force · Read it on the official government site
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