Section 1-837 - Insuring life of resident - Persons eligible - Assignment of benefits of life insurance policyA. No owner, administrator, or operator of a residential care home shall have an insurable interest in the life of a resident of the home unless the owner, administrator or operator is related to the resident by blood or marriage.B. No owner, administrator or operator of a residential care home shall be entitled or assigned to any benefits of a life insurance policy on a resident unless the owner, administrator or operator is related to the resident by blood or marriage.Okla. Stat. tit. 63, § 1-837
Added by Laws 1984, c. 128, § 25, eff. 11/1/1984; Amended by Laws 1987, c. 98, § 18, emerg. eff. 5/20/1987; Amended by Laws 2001 , SB 738, c. 410, §17, eff. 11/1/2001.