§36-1435.28. Ownership interest by producer in policy – Insurable
47 words·~1 min read·
/ok/title-36-insurance/36-1435-28·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
interest.
It shall be unlawful for any insurance producer to receive an ownership interest in any policy, by assignment or otherwise, unless the insurance producer has an insurable interest in the life of the insured. Added by Laws 2001, c. 156, § 28, eff. Nov. 1, 2001.