Oklahoma § 36-702 - "Life insurance" defined
Full text of Oklahoma Oklahoma Statutes § 36-702 — "Life insurance" defined, with citation guidance and answers to common questions.
§ 36-702. "Life insurance" defined
"Life insurance" is insurance on human lives and insurance
appertaining thereto or connected therewith. The transacting of
life insurance includes the granting of endowment benefits,
additional benefits in the event of death or dismemberment by
accident or accidental means, additional benefits in the event of
Oklahoma Statutes - Title 36. Insurance
the disability of the insured, optional modes of settlement of
proceeds of life insurance, and 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 castastrophic disease or
diseases as designated and defined by the policy. An insurer
authorized to transact life insurance may also grant annuities.
Laws 1957, p. 239, § 702.
Frequently Asked Questions About Oklahoma § 36-702
What does Oklahoma Statutes § 36-702 cover?
Section 36-702 (""Life insurance" defined") 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 § 36-702?
A common citation format is "Oklahoma Statutes § 36-702" (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 § 36-702 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.