Okla. Stat. tit. 36, § 36-6136.18
This is the official text of Okla. Stat. tit. 36, § 36-6136.18, 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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Conversion from trust-funded to insurance-funded
Official statutory text
benefits.
A. Member organizations may convert trust-funded prepaid
funeral benefits to insurance-funded prepaid funeral benefits. The
conversion shall be subject to the provisions of Section 6125.2 of
this title.
B. The Insurance Commissioner shall approve a conversion from
trust-funded prepaid funeral benefits to insurance-funded prepaid
funeral benefits as safeguarding the rights and interests of the
individual who purchases the prepaid funeral benefits contract.
C. The Commissioner shall prescribe rules detailing the steps
necessary to complete the conversion of prepaid funeral benefit
contracts funded by a trust to prepaid funeral benefits contracts
funded by insurance.
A. Member organizations may convert trust-funded prepaid
funeral benefits to insurance-funded prepaid funeral benefits. The
conversion shall be subject to the provisions of Section 6125.2 of
this title.
B. The Insurance Commissioner shall approve a conversion from
trust-funded prepaid funeral benefits to insurance-funded prepaid
funeral benefits as safeguarding the rights and interests of the
individual who purchases the prepaid funeral benefits contract.
C. The Commissioner shall prescribe rules detailing the steps
necessary to complete the conversion of prepaid funeral benefit
contracts funded by a trust to prepaid funeral benefits contracts
funded by insurance.
Status: in_force · Read it on the official government site
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