Okla. Stat. tit. 36, § 36-6125.1: Maximum amount of principal an organization may receive
Where this section sits in the code
- OK Code
- Title 36
pursuant to insurance contract.
A. The maximum amount of principal which an organization may
legally receive from any one individual pursuant to a contract
establishing a fund for prepaid funeral benefits pursuant to
paragraph 2 of subsection B of Section 6125 of this title shall be
Twenty Thousand Dollars ($20,000.00).
B. The maximum allowable amount of principal for subsequent
years shall be increased annually by a percentage equal to the
previous year’s increase in the national Consumer Price Index (CPI).
The Insurance Commissioner shall determine the amount of the
increase, if any, on April 1 of each year.
Collected 2026-09-14T18:32:36Z. Source file · JSON