Oklahoma § 36-4804 - Policy limited – Liability - Excess premiums reimbursed
Full text of Oklahoma Oklahoma Statutes § 36-4804 — Policy limited – Liability - Excess premiums reimbursed, with citation guidance and answers to common questions.
§ 36-4804. Policy limited – Liability - Excess premiums reimbursed
No insurance company shall, knowingly, issue any fire insurance
policy upon property within this state for an amount which, with any
existing insurance thereon, exceeds the fair value of the property.
If buildings insured against loss by fire, and situated within this
state, are totally destroyed by fire, the company shall not be
liable beyond the actual value of the insured property at the time
of the loss or damage, and if it shall appear that the insured has
paid premiums on an amount in excess of said actual value, the
assured shall be reimbursed the proportionate excess of premiums
paid on the difference between the amount named in the policy and
said actual value, with interest at six percent (6%) per annum from
the date of issue.
Added by Laws 1957, p. 406, § 4804. Amended by Laws 2001, c. 363, §
24, eff. July 1, 2001.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-4804
What does Oklahoma Statutes § 36-4804 cover?
Section 36-4804 ("Policy limited – Liability - Excess premiums reimbursed") 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 § 36-4804?
A common citation format is "Oklahoma Statutes § 36-4804" (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 § 36-4804 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.