Okla. Stat. tit. 36, § 36-2121: Participating policies

A. If so provided in its articles of incorporation, a domestic

stock or domestic mutual insurer may issue any or all of its

policies with or without participation in profits, savings, or

unabsorbed portions of premiums, may classify policies issued on a

participating or nonparticipating basis, and may determine the right

to participate and the extent of participation of any class or

classes of policies. Any such classification or determination shall

be reasonable, and shall not unfairly discriminate as between

policyholders within the same such classification. A life insurer

may issue both participating and nonparticipating policies only if

the right or absence of right to participate is reasonably related

to the premium charged.

B. No dividend, otherwise earned, shall be made contingent upon

the payment of renewal premium on any policy.