Oklahoma § 36-4411 - Nonapplication to certain policies

§ 36-4411. Nonapplication to certain policies

Nothing in this article shall apply to or affect:

1. any policy of workers' compensation insurance or any policy

of liability insurance with or without supplementary expense

coverage therein; or

2. any policy or contract of reinsurance; or

3. any blanket or group policy of insurance except as provided

in paragraph F, Section 4405 of this article; or

4. life insurance, endowment or annuity contracts, or contracts

supplemental thereto, which contain only such provisions relating to

accident and health insurance as (a) provide additional benefits in

case of death or dismemberment or loss of sight by accident, as (b)

operate to safeguard such contracts against lapse, or to give a

special surrender value or special benefit or an annuity in the

event that the insured or annuitant shall become totally and

Oklahoma Statutes - Title 36. Insurance

permanently disabled, as defined by the contract or supplemental

contract, or as (c) provide additional benefits providing

acceleration of life or endowment or annuity benefits in advance of

the time they would otherwise be payable, as an indemnity for longterm care which is certified or ordered by a physician, including

but not limited to, professional nursing care, medical care

expenses, custodial nursing care, nonnursing custodial care provided

in a nursing home or at a residence of the insured or providing such

acceleration upon the occurrence of a catastrophic disease or

diseases as designated and defined by the policy, provided, no life

insurance policy, except industrial life insurance policy and group

life insurance policy, shall be issued or delivered in this state

which contains or provides accident and health coverage, except as

provided by the foregoing (a), (b) and (c). A rider providing

additional benefits as described in the foregoing (c) shall conform

to the requirements of the Long-Term Care Insurance Act and

accompanying regulations. The Insurance Commissioner shall have

authority to require appropriate reserves for the rider as is

provided for additional reserves in subparagraph (d) of paragraph 3

of Section 1505 of this title. The Insurance Commissioner shall

have power to make reasonable rules and regulations concerning such

provisions, and contracts or supplemental contracts containing such

provisions, and the same shall not be issued or delivered to any

person in the state unless and until a copy of the form thereof has

been filed with the Insurance Commissioner as required by law.

Laws 1957, p. 397, § 4411.