Okla. Stat. tit. 14A, § 14A-4-201: Term of insurance

(1) Consumer credit insurance provided by a creditor may be

subject to the furnishing of evidence of insurability satisfactory

to the insurer. Whether or not such evidence is required, the term

of the insurance shall commence no later than when the debtor

becomes obligated to the creditor or when the debtor applies for the

insurance, whichever is later, except as follows:

(a) if any required evidence of insurability is not

furnished until more than thirty (30) days after the

term would otherwise commence, the term may commence

on the date when the insurer determines the evidence

to be satisfactory; or

(b) if the creditor provides insurance not previously

provided covering debts previously created, the term

may commence on the effective date of the policy.

(2) The originally scheduled term of the insurance shall extend

at least until the due date of the last scheduled payment of the

debt except as follows:

(a) if the insurance relates to a revolving charge account

or revolving loan account, the term need extend only

until the payment of the debt under the account and

may be sooner terminated after at least thirty (30)

days' notice to the debtor; or

(b) if the debtor is advised in writing that the insurance

will be written for a specified shorter time, the term

need extend only until the end of the specified time.

(3) The term of the insurance shall not extend more than

fifteen (15) days after the originally scheduled due date of the

last scheduled payment of the debt unless it is extended without

additional cost to the debtor or as an incident to a deferral,

refinancing, or consolidation.