Oklahoma § 36-4020 - Misstatement of age; annuities
Full text of Oklahoma Oklahoma Statutes § 36-4020 — Misstatement of age; annuities, with citation guidance and answers to common questions.
§ 36-4020. Misstatement of age; annuities
In an annuity or pure endowment contract, other than a
reversionary, survivorship, or group annuity, there shall be a
provision that if the age of the person or persons upon whose life
or lives the contract is made, or any of them, has been misstated,
the amount payable or benefits accruing under the contract shall be
such as the stipulated payment or payments to the insurer would have
purchased according to the correct age; and that if the insurer
shall make or has made any overpayment or overpayments on account of
any such misstatement, the amount thereof, with interest at the rate
to be specified in the contract but not exceeding six percent (6%)
per annum, may be charged against the current or next succeeding
payment or payments to be made by the insurer under the contract.
Laws 1957, p. 374, § 4020.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-4020
What does Oklahoma Statutes § 36-4020 cover?
Section 36-4020 ("Misstatement of age; 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 § 36-4020?
A common citation format is "Oklahoma Statutes § 36-4020" (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 § 36-4020 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.