A contract that does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to the commencement of any annuity payments shall include a statement in a prominent place in the contract that such benefits are not provided.
Okla. Stat. tit. 36, § 4030.10
Statement required when certain benefits not provided
Known as the Standard Nonforfeiture Law
The act spans §§ 36-4030 to 36-4030.9 (14 sections).
Added by Laws 2000, c. 353, § 24, eff
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.