Oklahoma § 36-4027 - Authorized deductions from insurance proceeds
Full text of Oklahoma Oklahoma Statutes § 36-4027 — Authorized deductions from insurance proceeds, with citation guidance and answers to common questions.
§ 36-4027. Authorized deductions from insurance proceeds
In determining the amount due under any life insurance policy
heretofore or hereafter issued, deduction may be made of:
1. Any unpaid premiums or instalments thereof for the current
policy year due under the terms of the policy, and of
2. The amount of principal and accrued interest of any policy
loan or other indebtedness against the policy then remaining unpaid.
Laws 1957, p. 375, § 4027.
Frequently Asked Questions About Oklahoma § 36-4027
What does Oklahoma Statutes § 36-4027 cover?
Section 36-4027 ("Authorized deductions from insurance proceeds") 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 § 36-4027?
A common citation format is "Oklahoma Statutes § 36-4027" (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 § 36-4027 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.