{"data":{"id":"us-ok/okla.-stat.-tit.-10-10-1430.26","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 10, § 10-1430.26","heading":"Provider prohibited from having insurable interest in","body":"life of resident or being beneficiary of life insurance policy -\n\nAppointment as guardian or conservator or holding power of attorney\n\nprohibited.\n\nA. No provider or licensee, including a corporate officer,\n\nmajor stockholder or member of the board of directors, member of the\n\nfirm, major member of the limited liability company or manager,\n\nmajor partner of the partnership when the provider or licensee is a\n\nfirm, partnership, limited liability company, or corporation,\n\nadministrator, or employee of a group home subject to the provisions\n\nof the Group Homes for Persons with Developmental or Physical\n\nDisabilities Act shall have an insurable interest in the life of a\n\nresident of the home unless the provider, licensee, administrator,\n\nor employee is related to the resident of the home by blood,\n\nmarriage or adoption.\n\nB. No provider or licensee, including a corporate officer,\n\nmajor stockholder, or member of the board of directors, member of\n\nthe firm, major member of the limited liability company or manager,\n\nmajor partner of the partnership when the provider or licensee is a\n\nfirm, partnership, limited liability company, or corporation,\n\nadministrator, or employee of a group home shall be entitled or\n\nassigned to any benefits of a life insurance policy on the resident\n\nunless the provider, licensee, administrator, or employee is related\n\nto the resident of the home by blood, marriage or adoption.\n\nC. No provider or licensee, including a corporate officer,\n\nmajor stockholder or member of the board of directors, member of the\n\nfirm, major member of the limited liability company or manager,\n\nmajor partner of the partnership, when the provider or licensee is a\n\nfirm, partnership, limited liability company, or corporation,\n\nadministrator, or employee of a group home shall be appointed\n\nguardian or conservator of a resident of the home or hold power of\n\nattorney for a resident of the home unless said provider, licensee,\n\nadministrator or employee is a relative of the resident and is\n\notherwise eligible for appointment by a court as the guardian of the\n\nresident.","path":["OK Code","Title 10"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os10.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"7b163bce75ca4a7fd327d36b6e5601199c3c2f50d5431d7c9b08892d9b6c0239","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-10-10-1430.25","next":"us-ok/okla.-stat.-tit.-10-10-1430.27"},"notice":"GroundRules: Original legal text. Not legal advice."}