{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-4-301","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-4-301","heading":"Property insurance","body":"(1) A creditor may not contract for or receive a separate\n\ncharge for insurance against loss of or damage to property unless:\n\n(a) the insurance covers a substantial risk of loss of or\n\ndamage to property related to the credit transaction;\n\n(b) the amount, terms, and conditions of the insurance are\n\nreasonable in relation to the character and value of\n\nthe property insured or to be insured; and\n\n(c) the term of the insurance is reasonable in relation to\n\nthe terms of credit.\n\n(2) The term of insurance is reasonable if it is customary and\n\ndoes not extend substantially beyond a scheduled maturity.","path":["OK Code","Title 14A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os14A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"bc606d93d313b4cdca4a0c55f76d4b634ffc2051311bb8340c6aa6e26bc9d4d8","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-4-203","next":"us-ok/okla.-stat.-tit.-14a-14a-4-302"},"notice":"GroundRules: Original legal text. Not legal advice."}