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§ 4028. Dual or multiple pay policies prohibited

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. § 4028
§ 4028. Dual or multiple pay policies prohibited
No life insurance policy shall be issued or delivered in this state if it provides that, on the death of anyone not specifically named therein, other than a beneficiary, the owner or beneficiary of the policy shall receive the payment or granting of anything of value.

Credits

Laws 1957, p. 375, § 4028, operative July 1, 1957.
36 Okl. St. Ann. § 4028, OK ST T. 36 § 4028
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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