Oklahoma § 36-4030 - Manner of paying premiums for single premium life
Full text of Oklahoma Oklahoma Statutes § 36-4030 — Manner of paying premiums for single premium life, with citation guidance and answers to common questions.
§ 36-4030. Manner of paying premiums for single premium life
policies and annuity contracts.
A. Except as may be otherwise approved by the Insurance
Commissioner, no single premium policy of life insurance or single
premium annuity contract shall be delivered or issued for delivery
in Oklahoma for a consideration other than cash, cashier's check,
check, bank draft, money order, premium note or electronic payment.
This act shall not apply to the transfer of securities to an insurer
pursuant to the insuring of a pension or profit sharing plan
qualified under the Federal Internal Revenue Code.
Oklahoma Statutes - Title 36. Insurance
B. This act shall not be held to repeal or alter any law now in
effect, but shall be construed as cumulative with and supplemental
to other laws and acts now in effect or enacted hereafter.
Added by Laws 1970, c. 154, §§ 1, 2, emerg. eff. April 7, 1970.
Amended by Laws 2021, c. 478, § 22, emerg. eff. May 12, 2021.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-4030
What does Oklahoma Statutes § 36-4030 cover?
Section 36-4030 ("Manner of paying premiums for single premium life") 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 § 36-4030?
A common citation format is "Oklahoma Statutes § 36-4030" (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 § 36-4030 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.