Oklahoma § 36-4055.17 - Compliance with act
Full text of Oklahoma Oklahoma Statutes § 36-4055.17 — Compliance with act, with citation guidance and answers to common questions.
§ 36-4055.17. Compliance with act
A. A viatical or life settlement provider lawfully transacting
business in this state prior to the effective date of the Viatical
Settlements Act of 2008 may continue to do so pending approval or
disapproval of that person’s application for a license if the
application is filed with the Commissioner not later than sixty (60)
calendar days after publication of the application form and
instructions for licensure of providers. If the publication of the
application form and instructions is prior to the effective date of
this act, then the application shall be filed no later than sixty
(60) calendar days after the effective date of the act. During the
time that such an application is pending with the Commissioner, the
applicant may use any form of viatical settlement contract that has
been filed with the Commissioner pending approval thereof, provided
that such form is otherwise in compliance with the provisions of
this act. Any person transacting business in this state under this
subsection shall comply with all other requirements of this act.
B. A person who has lawfully negotiated viatical or life
settlement contracts between any owner residing in this state and
one or more providers for at least one year immediately prior to the
Oklahoma Statutes - Title 36. Insurance
effective date of this act may continue to do so pending approval or
disapproval of that person’s application for a license if the
application is filed with the Commissioner not later than sixty (60)
calendar days after publication of the application form and
instructions for licensure of brokers. If the publication of the
application form and instructions is prior to the effective date of
this act, then the application shall be filed no later than sixty
(60) calendar days after the effective date of the act. Any person
transacting business in this state under this subsection shall
comply with all other requirements of this act.
Added by Laws 2008, c. 183, § 17, eff. Nov. 1, 2008. Amended by
Laws 2008, c. 344, § 10, eff. Nov. 1, 2008.
Frequently Asked Questions About Oklahoma § 36-4055.17
What does Oklahoma Statutes § 36-4055.17 cover?
Section 36-4055.17 ("Compliance with act") 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 § 36-4055.17?
A common citation format is "Oklahoma Statutes § 36-4055.17" (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 § 36-4055.17 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.