§ 4035. Notice to applicants regarding replacement of life insurance or annuity
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 4035
§ 4035. Notice to applicants regarding replacement of life insurance or annuity
The notice referred to in the Life Insurance and Annuity Policyholders Protection Act shall be delivered to the applicant for a replacement life insurance policy or a replacement annuity policy. The legal name and address of the replacing insurer may be printed on the notice. Said notice shall be in substance as follows:
NOTICE TO APPLICANTS REGARDING REPLACEMENT OF LIFE INSURANCE OR AN ANNUITY. THIS NOTICE IS FOR YOUR BENEFIT AND IS REQUIRED BY LAW.
1. If you are urged to purchase life insurance and to surrender, lapse, or in any other way change the status of existing life insurance, the agent is required to give you this notice.
I hereby acknowledge that I received the above “Notice to Applicants Regarding Replacement of Life Insurance or an Annuity” before I signed the application for the proposed new insurance.
__________________Date______________________Signature of Applicant
Subparagraph c of paragraph 2 of this section shall be in 12-point type.
Credits
Laws 1983, c. 80, § 5, eff. Nov. 1, 1983.
36 Okl. St. Ann. § 4035, OK ST T. 36 § 4035
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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