§ 4003. Grace period
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 4003
§ 4003. Grace period
There shall be a provision that a grace period of thirty (30) days, or, at the option of the insurer, of one (1) month of not less than thirty (30) days, shall be allowed within which the payment of any premium after the first may be made, during which period of grace the policy shall continue in full force; but if a claim arises under the policy during such period of grace before the overdue premium is paid the amount of such premium may be deducted from the policy proceeds.
Credits
Laws 1957, p. 371, § 4003, operative July 1, 1957.
36 Okl. St. Ann. § 4003, OK ST T. 36 § 4003
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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