Oklahoma § 36-4030.8 - Present value of paid-up annuity benefit available as
Full text of Oklahoma Oklahoma Statutes § 36-4030.8 — Present value of paid-up annuity benefit available as, with citation guidance and answers to common questions.
§ 36-4030.8. Present value of paid-up annuity benefit available as
nonforfeiture option.
For contracts that do not provide cash surrender benefits, the
present value of any paid-up annuity benefit available as a
nonforfeiture option at any time prior to maturity shall not be less
than the present value of that portion of the maturity value of the
paid-up annuity benefit provided under the contract arising from
considerations paid prior to the time the contract is surrendered in
exchange for, or changed to, a deferred paid-up annuity, such
present value being calculated for the period prior to the maturity
date on the basis of the interest rate specified in the contract for
accumulating the net considerations to determine maturity value, and
increased by any existing additional amounts credited by the company
Oklahoma Statutes - Title 36. Insurance
to the contract. For contracts that do not provide any death
benefits prior to the commencement of any annuity payments, present
values shall be calculated on the basis of such interest rate and
the mortality table specified in the contract for determining the
maturity value of the paid-up annuity benefit. However, in no event
shall the present value of a paid-up annuity benefit be less than
the minimum nonforfeiture amount at that time.
Added by Laws 2000, c. 353, § 22, eff. Nov. 1, 2000.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-4030.8
What does Oklahoma Statutes § 36-4030.8 cover?
Section 36-4030.8 ("Present value of paid-up annuity benefit available as") 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 § 36-4030.8?
A common citation format is "Oklahoma Statutes § 36-4030.8" (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 § 36-4030.8 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.