State statute · Oklahoma

Oklahoma Statutes Title 36 Article 36, Secs. 36-3601 through 36-3651: The Insurance Contract

Publisher: Oklahoma State Senate
Edition: Oklahoma Statutes Title 36 - Insurance, official compiled PDF
Last checked: 2026-08-31
Status: US state statute

Edition and licensing notes

Publisher. Oklahoma State Senate (oksenate.gov), Oklahoma Statutes Title 36

Status. US state statute; public domain.

Read the official text Practice questions from this source

What this document is

Oklahoma Statutes Title 36 Article 36 - The Insurance Contract (Secs. 36-3601 through 36-3651) is a state statute published by Oklahoma State Senate (oksenate.gov), Oklahoma Statutes Title 36. It is one of the Oklahoma documents that insurance license exam questions are written from, including oklahoma life & health, oklahoma property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

36 O.S. § 3615 (Charter or bylaw provisions; incorporation into policy)
“No policy shall contain any provisions purporting to make any portion of the charter, bylaws or other constituent document of the insurer a part of the contract unless such portion is set forth in full in the policy, provided, however, this section shall not apply to the subscriber's agreement or...”
36 O.S. § 3630 (Claims Administration Not Waiver)
“Without limitation of any right or defense of an insurer otherwise, none of the following acts by or on behalf of an insurer shall be deemed to constitute a waiver of any provision of a policy or of any defense of the insurer thereunder: 1. Acknowledgment of the receipt of notice of loss or claim...”
36 O.S. § 3618 (Execution of policies)
“No insurance contract heretofore or hereafter issued and which is otherwise valid shall be rendered invalid by reason of the apparent execution thereof on behalf of the insurer by the imprinted facsimile signature of an individual not authorized so to execute as of the date of the policy, if the...”
36 O.S. § 3601 (Scope of article)
“This article shall not apply to: 1. Reinsurance. 2. Policies or contracts not issued for delivery in Oklahoma nor delivered in Oklahoma, except upon subjects of insurance other than life and disability insurance located or to be performed in Oklahoma, and, except as provided in subsection E of...”
36 O.S. § 3624 (Assignment of Policies)
“Any such assignment shall entitle the insurer to deal with the assignee as the owner or pledgee of the policy in accordance with the terms of the assignment, until the insurer has received at its home office written notice of termination of the assignment or pledge, or written notice by or on...”
36 O.S. § 3602 ("Policy" defined)
“"Policy" means contract of or agreement for effecting insurance, or the certificate thereof, by whatever name called, and includes all clauses, riders, endorsements and papers attached thereto and a part thereof.”
36 O.S. § 3603 ("Premium" defined)
“"Premium" is the consideration for insurance, by whatever name called.”
36 O.S. § 3605(B)-(C) (Insurable interest in property insurance)
“B. "Insurable interest" as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment. C. The measure of an insurable interest in property is the extent...”
36 O.S. § 3609 (Representations in Applications - Recovery Under Policy)
“All statements and descriptions in any application for an insurance policy or in negotiations therefor, by or in behalf of the insured, shall be deemed to be representations and not warranties. Misrepresentations, omissions, concealment of facts, and incorrect statements shall not prevent a...”
36 O.S. § 3613 (Contents of policies in general)
“Every policy shall specify: 1. The names of the parties to the contract. 2. The insurer's name and complete address. 3. The subject of the insurance. 4. The risks insured against. 5. The time when the insurance thereunder takes effect and the period during which the insurance is to continue. 6. The...”
36 O.S. § 3604(C)(5)(g) (Timing of insurable interest determination)
“Determination of the existence and extent of the insurable interest under any life insurance policy shall be made at the time the contract of insurance becomes effective, provided however, the insurable interest need not exist at the time the loss occurs.”
36 O.S. § 3622(B) (Binders)
“B. No binder shall be valid beyond the issuance of the policy with respect to which it was given, or beyond ninety (90) days from its effective date, whichever period is the shorter.”

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Questions about this source

No. This page summarizes the document and links to the official version. Always rely on the text published by Oklahoma State Senate (oksenate.gov), Oklahoma Statutes Title 36 for the current law.

Practice questions for Oklahoma Life & Health, Oklahoma Property & Casualty cite this document.

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