Oklahoma § 36-6125.1 - Maximum amount of principal an organization may receive
Full text of Oklahoma Oklahoma Statutes § 36-6125.1 — Maximum amount of principal an organization may receive, with citation guidance and answers to common questions.
§ 36-6125.1. Maximum amount of principal an organization may receive
pursuant to insurance contract.
Oklahoma Statutes - Title 36. Insurance
A. The maximum amount of principal which an organization may
legally receive from any one individual pursuant to a contract
establishing a fund for prepaid funeral benefits pursuant to
paragraph 2 of subsection B of Section 6125 of this title shall be
Twenty Thousand Dollars ($20,000.00).
B. The maximum allowable amount of principal for subsequent
years shall be increased annually by a percentage equal to the
previous year’s increase in the national Consumer Price Index (CPI).
The Insurance Commissioner shall determine the amount of the
increase, if any, on April 1 of each year.
Added by Laws 1988, c. 118, § 7, eff. Nov. 1, 1988. Amended by Laws
2000, c. 113, § 1, eff. July 1, 2000 and by Laws 2000, c. 353, § 44,
eff. Nov. 1, 2000; Laws 2010, c. 354, § 1, eff. Nov. 1, 2010.
NOTE: Laws 2000, c. 113, § 1 and Laws 2000, c. 353, § 44 contain
duplicate amendments.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-6125.1
What does Oklahoma Statutes § 36-6125.1 cover?
Section 36-6125.1 ("Maximum amount of principal an organization may receive") 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 § 36-6125.1?
A common citation format is "Oklahoma Statutes § 36-6125.1" (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 § 36-6125.1 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.