§ 4210. Reinstatement
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 4210
§ 4210. Reinstatement
There shall be a provision that unless the policy has been surrendered for its cash surrender value or unless the paid-up term insurance, if any, has expired, the policy will be reinstated at any time within two (2) years from the date of premium default upon written application therefor, the production of evidence of insurability satisfactory to the insurer, the payment of all premiums in arrears, and the payment or reinstatement of any other indebtedness to the insurer upon the policy, all with interest at a rate not exceeding six percent (6%) per annum compounded annually.
Credits
Laws 1957, p. 386, § 4210, operative July 1, 1957.
36 Okl. St. Ann. § 4210, OK ST T. 36 § 4210
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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