Oklahoma Statutes
§ 36-1214 — Fair disclosure - Protection against misleading sales
Oklahoma·Title 36 Insurance
methods. The purpose of this act is to assure fair disclosure of relevant facts in the sale of life insurance and annuity contracts. This act is also designed to protect citizens of the State of Oklahoma as purchasers and prospective purchasers of life insurance policies or annuity contracts against the use of sales methods which are misleading because of: 1. The omission of facts fairly describing the subject matter as a life insurance policy or annuity contract and the benefits obtainable thereunder; 2. An undue emphasis upon facts which, even though correct, are not relevant to the sale of life insurance or annuities; or 3. An undue emphasis upon features which are of incidental or secondary importance to the life insurance aspects of a policy. This act is deemed necessary for the effec
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Legislative History
Laws 1972, c. 223, § 1, operative Jan. 15, 1974.
Nearby Sections
15
§ 36-1001
Judicial review.§ 36-101
Short title.§ 36-102
"Insurance" defined.§ 36-103
"Insurer" defined.§ 36-104
"Person" defined.§ 36-105
"Transacting" insurance.§ 36-107
"Board" defined.§ 36-108
"Insurance Department" defined.§ 36-109
Compliance required.§ 36-1100
Short title - Purpose and effect.§ 36-1100.1
Definitions.§ 36-1100.2
Authority to enter multistate agreements.