{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-4033","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-4033","heading":"Definitions","body":"As used in the Life Insurance and Annuity Policyholders\n\nProtection Act:\n\n1. \"Replacement\" means any transaction in which a new life\n\ninsurance policy or a new annuity policy is to be purchased, and it\n\nis known or should be known by the proposing agent, or by the\n\nproposing insurer if there is no agent, that an existing individual\n\nlife insurance policy or an annuity policy has been, or is to be\n\nlapsed, surrendered, converted, become extended insurance, or that\n\nthe cash loan value, or any portion thereof, is used or contemplated\n\nfor use in the future with the purchase of a new insurance policy or\n\nannuity policy.\n\n2. \"Notice\" means a document completed by the applicant and the\n\nagent or insurer prior to completing a new application for a life\n\ninsurance policy or annuity policy when an agent is involved or\n\ndelivered with the policy when no agent is involved, which provides\n\ninformation regarding replacement transactions. The document shall\n\nbe in substantially the same format for all insurers.\n\n3. \"Statement\" means a document to be signed by the agent or\n\nthe applicant or both the agent and the applicant, which notifies\n\nthe replaced insurer of the replacement.","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":"96bb19cb9e2e7f63025307586b13fd90c96f6176593964e5559e76896f72467a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-4032","next":"us-ok/okla.-stat.-tit.-36-36-4034"},"notice":"GroundRules: Original legal text. Not legal advice."}