Oklahoma § 36-4003 - Grace period
Full text of Oklahoma Oklahoma Statutes § 36-4003 — Grace period, with citation guidance and answers to common questions.
§ 36-4003. Grace period
There shall be a provision that a grace period of thirty (30)
days, or, at the option of the insurer, of one month of not less
than thirty (30) days, shall be allowed within which the payment of
any premium after the first may be made, during which period of
grace the policy shall continue in full force; but if a claim arises
under the policy during such period of grace before the overdue
premium is paid the amount of such premium may be deducted from the
policy proceeds.
Laws 1957, p. 371, § 4003.
Frequently Asked Questions About Oklahoma § 36-4003
What does Oklahoma Statutes § 36-4003 cover?
Section 36-4003 ("Grace period") 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 § 36-4003?
A common citation format is "Oklahoma Statutes § 36-4003" (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 § 36-4003 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.