Okla. Stat. tit. 36, § 36-4030: Manner of paying premiums for single premium life

policies and annuity contracts.

A. Except as may be otherwise approved by the Insurance

Commissioner, no single premium policy of life insurance or single

premium annuity contract shall be delivered or issued for delivery

in Oklahoma for a consideration other than cash, cashier's check,

check, bank draft, money order, premium note or electronic payment.

This act shall not apply to the transfer of securities to an insurer

pursuant to the insuring of a pension or profit sharing plan

qualified under the Federal Internal Revenue Code.

B. This act shall not be held to repeal or alter any law now in

effect, but shall be construed as cumulative with and supplemental

to other laws and acts now in effect or enacted hereafter.