§ 3104. Approval of form of service contract
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 3104
§ 3104. Approval of form of service contract
A. No service contract shall be executed, issued or delivered in this state until the form thereof has been approved in writing by the Commissioner, and all promotional and advertising material, membership cards and other indicia of membership shall be submitted for approval on the request of the Commissioner.
3. A provision that the contract may be canceled at any time by the club or canceled at any time by the holder, if the club or its agent have1 violated any of the provisions of Section 32 or Section 53 of this act in soliciting the purchase of such contract from the holder. If the contract is canceled, pursuant to this provision, the holder will, if he has actually paid the consideration, thereupon be entitled to the unused portion of the consideration paid for such contract, calculated on a pro rata basis over the period of the contract, without any deductions.
Credits
Laws 1973, c. 127, § 4, emerg. eff. May 9, 1973.
36 Okl. St. Ann. § 3104, OK ST T. 36 § 3104
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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