Section 4101.1 - Extension of policies to insure dependents - Payment of premiums - Conversion rightsA. Insurance under any group life insurance policy issued pursuant to paragraphs 1, 3, 4, 5 and 6 of Section 4101 of this title, may be extended to insure the dependents, or any class or classes thereof, of each insured employee or member who so elects in amounts in accordance with a plan which precludes individual selection. The term "dependent" means the spouse of the insured employee or member or an insured employee's or member's child under twenty-six (26) years of age or his or her child twenty-six (26) years or older who is attending an educational institution and relying upon the insured employee or member for financial support.B. Premiums for the insurance on such dependents shall be paid by the policyholder either wholly from policyholder's funds, or from funds contributed wholly by the employees or members, or partly from funds contributed by the policyholder and partly by the employees or members.C. A dependent pursuant to this section shall have the same conversion right as to the insurance on his or her life as is vested in the employee or union member.D. Notwithstanding the provisions of paragraph 7 of Section 4103 of this title, only one certificate need be issued for each family unit if a statement concerning any dependent's coverage is included in such certificate.Okla. Stat. tit. 36, § 4101.1
Amended by Laws 2017 , c. 287, s. 5, eff. 11/1/2017.Amended by Laws 2016 , c. 73, s. 6, eff. 11/1/2016.Amended by Laws 1988, HB 1635, c. 29, § 1, eff. 11/1/1988; Amended by Laws 1997, SB 327, c. 418, § 95, eff. 11/1/1997; Amended by Laws 2007 , HB 1960, c. 125, §21, emerg. eff. 7/1/2007.