Oklahoma § 36-4112 - Payment of proceeds - Time
Full text of Oklahoma Oklahoma Statutes § 36-4112 — Payment of proceeds - Time, with citation guidance and answers to common questions.
§ 36-4112. Payment of proceeds - Time
An insurer shall pay the proceeds of any benefits under group
life insurance policy not more than thirty (30) days after the
Oklahoma Statutes - Title 36. Insurance
insurer has received proof of death of the insured. If the proceeds
are not paid within this period, the insurer shall pay interest on
the proceeds, at a rate which is not less than the current rate of
interest on death proceeds on deposit with the insurer, from the
date of death of the insured to the date when the proceeds are paid.
Payment shall be deemed to have been made on the date an electronic
payment is made or a check, draft or other valid instrument which is
equivalent to payment was placed in the U.S. mails in a properly
addressed, postpaid envelope; or, if not so posted, on the date of
delivery of such instrument to the beneficiary.
Added by Laws 1978, c. 162, § 4, eff. Oct. 1, 1978. Amended by Laws
1997, c. 418, § 96, eff. Nov. 1, 1997; Laws 2021, c. 478, § 27,
emerg. eff. May 12, 2021.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-4112
What does Oklahoma Statutes § 36-4112 cover?
Section 36-4112 ("Payment of proceeds - Time") 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 § 36-4112?
A common citation format is "Oklahoma Statutes § 36-4112" (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 § 36-4112 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.