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§ 3612. Standard provisions

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 1. Insurance Code (Refs & Annos)
Article 36. The Insurance Contract in General
36 Okl.St.Ann. § 3612
§ 3612. Standard provisions
Currentness
A. Insurance contracts shall contain such standard provisions as are required by the applicable provisions of this Code pertaining to contracts of particular kinds of insurance. The Insurance Commissioner may waive the required use of a particular standard provision in a particular insurance policy form if:
1. The Commissioner finds such provision unnecessary for the protection of the insured and inconsistent with the purpose of the policy; and
2. The policy is otherwise approved.
B. No policy shall contain any provision inconsistent with or contradictory to any standard provision used or required to be used, but the Insurance Commissioner may approve any substitute provision which is not less favorable in any particular to the insured or beneficiary than the standard provisions or optional standard provisions otherwise required.
C. In lieu of the standard provisions required by the provisions of this Code for contracts for particular kinds of insurance, substantially similar standard provisions required by the law of the domicile of a foreign or alien insurer may be used when approved by the Insurance Commissioner.
D. This section does not apply with respect to the Oklahoma standard fire insurance policy.

Credits

Laws 1957, p. 366, § 3612, operative July 1, 1957; Laws 1997, c. 418, § 94, eff. Nov. 1, 1997.
36 Okl. St. Ann. § 3612, OK ST T. 36 § 3612
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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