{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-4030.12","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-4030.12","heading":"Minimum nonforfeiture requirements for contracts","body":"providing both annuity and life insurance benefits.\n\nFor a contract which provides, within the same contract by rider\n\nor supplemental contract provision, both annuity benefits and life\n\ninsurance benefits that are in excess of the greater of cash\n\nsurrender benefits or a return of the gross considerations with\n\ninterest, the minimum nonforfeiture benefits shall be equal to the\n\nsum of the minimum nonforfeiture benefits for the annuity portion\n\nand the minimum nonforfeiture benefits, if any, for the life\n\ninsurance portion computed as if each portion were a separate\n\ncontract. Notwithstanding the provisions of Sections 4030.6,\n\n4030.7, 4030.8, 4030.9, and 4030.11 of this title, additional\n\nbenefits payable in the event of total and permanent disability, as\n\nreversionary annuity or deferred reversionary annuity benefits, or\n\nas other policy benefits additional to life insurance, endowment and\n\nannuity benefits, and considerations for all such additional\n\nbenefits, shall be disregarded in ascertaining the minimum\n\nnonforfeiture amounts, paid-up annuity, cash surrender and death\n\nbenefits that may be required by the Standard Nonforfeiture Law for\n\nIndividual Deferred Annuities. The inclusion of such benefits shall\n\nnot be required in any paid-up benefits, unless the additional\n\nbenefits separately would require minimum nonforfeiture amounts,\n\npaid-up annuity, cash surrender and death benefits.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"63b459e64fdf15ee78669d3b9146961d534f8e1bb83dd69fab271262e9c33505","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-4030.11","next":"us-ok/okla.-stat.-tit.-36-36-4030.13"},"notice":"GroundRules: Original legal text. Not legal advice."}