Okla. Stat. » Title 36 — INSURANCE
Oklahoma Statutes

Okla. Stat. tit. 36, § 3624 (2026)

Assignment of policies

✓ current as of July 2026
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Except as provided in Section 6055 of this title, a policy may be assignable or not assignable, as provided by its terms. Subject to its terms relating to assignability, any life or accident and health policy, whether heretofore or hereafter issued, under the terms of which the beneficiary may be changed upon the sole request of the insured, may be assigned either by pledge or transfer of title, by an assignment executed by the insured alone and delivered to the insurer, whether or not the pledgee or assignee is the insurer. 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 behalf of some other person claiming some interest in the policy in conflict with the assignment. Added by Laws 1957, p. 369, § 3624, operative July 1, 1957. Amended by Laws 1992, c. 370, § 1, eff. Sept. 1, 1992; Laws 1999, c. 331, § 10, eff. Nov. 1, 1999; Laws 2002, c. 307, § 29, eff. Nov. 1, 2002; Laws 2023, c. 158, § 1, eff. Nov. 1, 2023.

Notes of Decisions
Cited in 4 cases, 1980–2020 · leading case: Johnson v. Csaa Gen. Ins. Co., 2020 OK 110 (Okla. 2020).
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Johnson v. Csaa Gen. Ins. Co., 2020 OK 110 (Okla. 2020). · cites it 5× “We hold insured's assignment was not prohibited by either the insurance policy or 36 O.S. § 3624. We conclude the District Court's judgment was erroneous when it dismissed the construction company as a party because written consent for the assignment was not provided by insurer…”
Millard Gutter Co. v. Farm Bureau Prop. & Cas. Ins. Co., 889 N.W.2d 596 (Neb. 2016). “§ 17B:24-4 (West 2006); Okla. Stat. Ann. tit. 36, § 3624 (West 2011); Or.”
Howell v. Blue Cross & Blue Shield of Oklahoma, 609 P.2d 1283 (Okla. 1980). · cites it 2× “The *1285 assignment statute, 36 O.S.1971 § 3624, entitles the insurer to deal with the assignee of the policy in accordance with the terms of the assignment.”
Jackson Nat'l Life Ins Co. v. Lance Dobbins, et (5th Cir. 2019). “” Okla. Stat. Ann. tit. 36 § 3624 (1957). To the extent that a policy includes a provision requiring acceptance by the insurance company, “the provision in the policy requiring approval or acceptance of the assignment is for the sole benefit of the company.”
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