Oklahoma § 36-2121 - Participating policies
Full text of Oklahoma Oklahoma Statutes § 36-2121 — Participating policies, with citation guidance and answers to common questions.
§ 36-2121. Participating policies
A. If so provided in its articles of incorporation, a domestic
stock or domestic mutual insurer may issue any or all of its
policies with or without participation in profits, savings, or
unabsorbed portions of premiums, may classify policies issued on a
participating or nonparticipating basis, and may determine the right
to participate and the extent of participation of any class or
classes of policies. Any such classification or determination shall
be reasonable, and shall not unfairly discriminate as between
policyholders within the same such classification. A life insurer
may issue both participating and nonparticipating policies only if
Oklahoma Statutes - Title 36. Insurance
the right or absence of right to participate is reasonably related
to the premium charged.
B. No dividend, otherwise earned, shall be made contingent upon
the payment of renewal premium on any policy.
Laws 1957, p. 309, § 2121.
Frequently Asked Questions About Oklahoma § 36-2121
What does Oklahoma Statutes § 36-2121 cover?
Section 36-2121 ("Participating policies") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 36-2121?
A common citation format is "Oklahoma Statutes § 36-2121" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 36-2121 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.