Okla. Stat. tit. 36, § 36-4112: Payment of proceeds - Time
Where this section sits in the code
- OK Code
- Title 36
An insurer shall pay the proceeds of any benefits under group
life insurance policy not more than thirty (30) days after the
insurer has received proof of death of the insured. If the proceeds
are not paid within this period, the insurer shall pay interest on
the proceeds, at a rate which is not less than the current rate of
interest on death proceeds on deposit with the insurer, from the
date of death of the insured to the date when the proceeds are paid.
Payment shall be deemed to have been made on the date an electronic
payment is made or a check, draft or other valid instrument which is
equivalent to payment was placed in the U.S. mails in a properly
addressed, postpaid envelope; or, if not so posted, on the date of
delivery of such instrument to the beneficiary.
Collected 2026-09-14T18:32:36Z. Source file · JSON