Okla. Stat. tit. 36, § 36-4215: Conversion

There may be a provision in the case of industrial policies

granting to the insured, upon proper written request and upon

presentation of evidence of insurability satisfactory to the

insurer, the privilege of converting any industrial insurance policy

to any form of life insurance with less frequent premium payments

regularly issued by the insurer, in accordance with terms and

conditions agreed upon with the insurer. The privilege of making

such conversion need be granted only if the insurer's industrial

policies on the life insured, in force as premium paying insurance

and on which conversion is requested, grant benefits in event of

death, exclusive of additional accidental death benefits and

exclusive of any dividend additions, in an amount not less than the

minimum amount of such insurance with less frequent premium payments

issued by the insurer at the age of the insured on the plan of

industrial or ordinary insurance desired.