Oklahoma § 36-4030.6 Minimum present value at commencement of benefits.

Oklahoma Statutes

§ 36-4030.6 — Minimum present value at commencement of benefits.

Oklahoma § 36-4030.6

Title 36Insurance

This text of Oklahoma § 36-4030.6 (Minimum present value at commencement of benefits.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 36, § 36-4030.6 (2026).

Text

Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.

Free access — add to your briefcase to read the full text and ask questions with AI

Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.