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§ 4027. Authorized deductions from insurance proceeds

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 1. Insurance Code (Refs & Annos)
Article 40. Life Insurance and Annuities
General Provisions
36 Okl.St.Ann. § 4027
§ 4027. Authorized deductions from insurance proceeds
Currentness
In determining the amount due under any life insurance policy heretofore or hereafter issued, deduction may be made of:
1. Any unpaid premiums or instalments thereof for the current policy year due under the terms of the policy, and of
2. The amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid.

Credits

Laws 1957, p. 375, § 4027, operative July 1, 1957.
36 Okl. St. Ann. § 4027, OK ST T. 36 § 4027
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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