Key Takeaways
- Oklahoma requires standard policy provisions for disability income insurance
- Long-term care policies must be guaranteed renewable
- LTC policies must offer inflation protection options
- Oklahoma participates in the Long-Term Care Partnership Program
- Disability policies must include minimum grace periods
Last updated: January 2026
Oklahoma Disability and Long-Term Care Insurance
Oklahoma has specific regulations for disability income insurance and long-term care insurance under Title 36 of the Oklahoma Statutes.
Disability Income Insurance
Required Policy Provisions
Oklahoma disability policies must include:
| Provision | Requirement |
|---|---|
| Grace Period | Minimum 31 days for annual premium |
| Reinstatement | Must allow reinstatement within specified period |
| Notice of Claim | 20 days after loss begins |
| Time to Pay Claims | Reasonable time after proof of loss |
| Legal Actions | Timing restrictions for lawsuits |
Long-Term Care Insurance
Oklahoma has comprehensive LTC insurance regulations:
Required Provisions
| Provision | Requirement |
|---|---|
| Renewability | Must be guaranteed renewable |
| Pre-existing Conditions | Maximum 6-month look-back period |
| Elimination Period | Must be clearly disclosed |
| Inflation Protection | Must offer option |
| Nonforfeiture | Must offer option |
Oklahoma Partnership Program
Oklahoma participates in the Long-Term Care Partnership Program:
- Purchase a Partnership-qualified LTC policy
- Use benefits for care
- If benefits exhaust, apply for Medicaid
- Asset protection - Keep assets equal to benefits received
Test Your Knowledge
What is the primary benefit of purchasing an Oklahoma Partnership-qualified long-term care policy?
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D