Oklahoma § 36-4111 - "Employee life insurance" defined

§ 36-4111. "Employee life insurance" defined

"Employee life insurance" is that plan of life insurance, other

than salary savings life insurance or pension trust insurance and

annuities, under which individual policies are issued to the

employees of any employer and where such policies are issued on the

lives of not less than five employees at date of issue. Premiums

for such policies shall be paid by the employer or the trustee of a

fund established by the employer either wholly from the employer's

funds, or funds contributed by him, or partly from such funds and

partly from funds contributed by the insured employees, or from

funds contributed wholly by the insured employees.

Laws 1957, p. 385, § 4111.