§ 4204. Grace period
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 4204
§ 4204. Grace period
There shall be a provision that the insured is entitled to a grace period of four (4) weeks within which the payment of any premiums after the first may be made, except that in policies the premiums for which are payable monthly, the period of grace shall be one (1) month, but not less than thirty (30) days, and that during the period of grace the policy shall continue in full force, but if during the grace period the policy becomes a claim, then any overdue and unpaid premiums may be deducted from any settlement under the policy.
Credits
Laws 1957, p. 386, § 4204, operative July 1, 1957.
36 Okl. St. Ann. § 4204, OK ST T. 36 § 4204
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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