Oklahoma § 36-4017 - Grace period; annuities
Full text of Oklahoma Oklahoma Statutes § 36-4017 — Grace period; annuities, with citation guidance and answers to common questions.
§ 36-4017. Grace period; annuities
In an annuity or pure endowment contract, other than a
reversionary, survivorship or group annuity, there shall be a
provision that there shall be a period of grace of one (1) month,
but not less than thirty (30) days, within which any stipulated
payment to the insurer falling due after the first may be made,
subject at the option of the insurer to an interest charge thereon
at a rate to be specified in the contract but not exceeding six
percent (6%) per annum for the number of days of grace elapsing
before such payment, during which period of grace the contract shall
continue in full force; but in case a claim arises under the
contract on account of death prior to expiration of the period of
grace before the overdue payment to the insurer or the deferred
payments of the current contract year, if any, are made, the amount
of such payments, with interest on any overdue payments, may be
deducted from any amount payable under the contract in settlement.
Laws 1957, p. 373, § 4017.
Frequently Asked Questions About Oklahoma § 36-4017
What does Oklahoma Statutes § 36-4017 cover?
Section 36-4017 ("Grace period; annuities") 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 § 36-4017?
A common citation format is "Oklahoma Statutes § 36-4017" (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 § 36-4017 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.