Okla. Stat. tit. 36, § 36-702
This is the official text of Okla. Stat. tit. 36, § 36-702, 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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"Life insurance" defined
Official statutory text
"Life insurance" is insurance on human lives and insurance
appertaining thereto or connected therewith. The transacting of
life insurance includes the granting of endowment benefits,
additional benefits in the event of death or dismemberment by
accident or accidental means, additional benefits in the event of
Oklahoma Statutes - Title 36. Insurance Page 190
the disability of the insured, optional modes of settlement of
proceeds of life insurance, and additional benefits providing
acceleration of life or endowment or annuity benefits in advance of
the time they would otherwise be payable, as an indemnity for long-
term care which is certified or ordered by a physician, including
but not limited to, professional nursing care, medical care
expenses, custodial nursing care, nonnursing custodial care provided
in a nursing home or at a residence of the insured or providing such
acceleration upon the occurrence of a castastrophic disease or
diseases as designated and defined by the policy. An insurer
authorized to transact life insurance may also grant annuities.
appertaining thereto or connected therewith. The transacting of
life insurance includes the granting of endowment benefits,
additional benefits in the event of death or dismemberment by
accident or accidental means, additional benefits in the event of
Oklahoma Statutes - Title 36. Insurance Page 190
the disability of the insured, optional modes of settlement of
proceeds of life insurance, and additional benefits providing
acceleration of life or endowment or annuity benefits in advance of
the time they would otherwise be payable, as an indemnity for long-
term care which is certified or ordered by a physician, including
but not limited to, professional nursing care, medical care
expenses, custodial nursing care, nonnursing custodial care provided
in a nursing home or at a residence of the insured or providing such
acceleration upon the occurrence of a castastrophic disease or
diseases as designated and defined by the policy. An insurer
authorized to transact life insurance may also grant annuities.
Status: in_force · Read it on the official government site
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