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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 36, § 36-4020: Misstatement of age; annuities

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Where this section sits in the code
  1. OK Code
  2. Title 36

In an annuity or pure endowment contract, other than a

reversionary, survivorship, or group annuity, there shall be a

provision that if the age of the person or persons upon whose life

or lives the contract is made, or any of them, has been misstated,

the amount payable or benefits accruing under the contract shall be

such as the stipulated payment or payments to the insurer would have

purchased according to the correct age; and that if the insurer

shall make or has made any overpayment or overpayments on account of

any such misstatement, the amount thereof, with interest at the rate

to be specified in the contract but not exceeding six percent (6%)

per annum, may be charged against the current or next succeeding

payment or payments to be made by the insurer under the contract.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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