Okla. Stat. tit. 36, § 36-2504: Companies to which applicable; application of other laws;

use of term "stipulated premium".

Any corporation, company or association issuing policies or

certificates promising money or other benefits to a member or

policyholder, or, upon his decease, to his legal representatives, or

to beneficiaries designated by him, which money or benefit is

derived from stipulated premiums collected in advance from its

members or policyholders, and from interest and other accumulations,

and wherein the money or other benefits so realized is applied to or

accumulated solely for the use and purposes of the corporation as

herein specified, and for the necessary expenses of the corporation,

and the prosecution and enlargement of its business and which shall

comply with all the provisions of this article, shall be deemed to

be engaged in the business of life insurance and accident and health

insurance upon the stipulated premium plan. It shall be unlawful

for any corporation, company or association not having complied with

the provisions of this article to use the term "stipulated premium"

in its application or contracts, or to print or write the same in

its policies, literature or advertisements.