Okla. Stat. tit. 58, § 58-1005
This is the official text of Okla. Stat. tit. 58, § 58-1005, part of Oklahoma’s Stat. tit. 58, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 58,." Browse the sections below, each linked to its official government source.
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Life or accident policies - Annuity contracts -
Official statutory text
Distribution of proceeds.
Where the insured or the annuitant and the beneficiary in a
policy of life or accident insurance or in an annuity contract have
died and there is no sufficient evidence to establish that they have
died other than simultaneously, the proceeds of the policy or
contract shall be distributed as if the insured or annuitant had
survived the beneficiary, except if the policy or contract is
community property of the insured or annuitant and his spouse, and
there is no alternative beneficiary, or no alternative beneficiary
except the estate or personal representatives of the insured, the
proceeds shall be distributed as community property under Section 4.
Where the insured or the annuitant and the beneficiary in a
policy of life or accident insurance or in an annuity contract have
died and there is no sufficient evidence to establish that they have
died other than simultaneously, the proceeds of the policy or
contract shall be distributed as if the insured or annuitant had
survived the beneficiary, except if the policy or contract is
community property of the insured or annuitant and his spouse, and
there is no alternative beneficiary, or no alternative beneficiary
except the estate or personal representatives of the insured, the
proceeds shall be distributed as community property under Section 4.
Status: in_force · Read it on the official government site
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