Oklahoma § 58-1005 - Life or accident policies - Annuity contracts Distribution of proceeds
Full text of Oklahoma Oklahoma Statutes § 58-1005 — Life or accident policies - Annuity contracts Distribution of proceeds, with citation guidance and answers to common questions.
§ 58-1005. Life or accident policies - Annuity contracts Distribution of proceeds
Where the insured or the annuitant and the beneficiary in a
policy of life or accident insurance or in an annuity contract have
died and there is no sufficient evidence to establish that they have
died other than simultaneously, the proceeds of the policy or
contract shall be distributed as if the insured or annuitant had
survived the beneficiary, except if the policy or contract is
community property of the insured or annuitant and his spouse, and
there is no alternative beneficiary, or no alternative beneficiary
except the estate or personal representatives of the insured, the
proceeds shall be distributed as community property under Section 4.
Laws 1959, p. 395, § 5.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 58-1005
What does Oklahoma Statutes § 58-1005 cover?
Section 58-1005 ("Life or accident policies - Annuity contracts Distribution of proceeds") 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 § 58-1005?
A common citation format is "Oklahoma Statutes § 58-1005" (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 § 58-1005 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.