Oklahoma § 36-4030.12 - Minimum nonforfeiture requirements for contracts
Full text of Oklahoma Oklahoma Statutes § 36-4030.12 — Minimum nonforfeiture requirements for contracts, with citation guidance and answers to common questions.
§ 36-4030.12. Minimum nonforfeiture requirements for contracts
providing both annuity and life insurance benefits.
For a contract which provides, within the same contract by rider
or supplemental contract provision, both annuity benefits and life
insurance benefits that are in excess of the greater of cash
surrender benefits or a return of the gross considerations with
interest, the minimum nonforfeiture benefits shall be equal to the
sum of the minimum nonforfeiture benefits for the annuity portion
and the minimum nonforfeiture benefits, if any, for the life
insurance portion computed as if each portion were a separate
contract. Notwithstanding the provisions of Sections 4030.6,
4030.7, 4030.8, 4030.9, and 4030.11 of this title, additional
benefits payable in the event of total and permanent disability, as
reversionary annuity or deferred reversionary annuity benefits, or
as other policy benefits additional to life insurance, endowment and
annuity benefits, and considerations for all such additional
benefits, shall be disregarded in ascertaining the minimum
nonforfeiture amounts, paid-up annuity, cash surrender and death
benefits that may be required by the Standard Nonforfeiture Law for
Individual Deferred Annuities. The inclusion of such benefits shall
not be required in any paid-up benefits, unless the additional
benefits separately would require minimum nonforfeiture amounts,
paid-up annuity, cash surrender and death benefits.
Added by Laws 2000, c. 353, § 26, eff. Nov. 1, 2000. Amended by
Laws 2004, c. 274, § 16, eff. July 1, 2004.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-4030.12
What does Oklahoma Statutes § 36-4030.12 cover?
Section 36-4030.12 ("Minimum nonforfeiture requirements for contracts") 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 § 36-4030.12?
A common citation format is "Oklahoma Statutes § 36-4030.12" (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 § 36-4030.12 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.