Oklahoma HB1516 amends insurance laws to require parental or guardian consent for minors to contract for insurance.
Oklahoma HB1516 amends the state's insurance laws to require parental or guardian consent for minors to contract for insurance. Specifically, minors aged 15 or 16 can contract for life or accident and health insurance with parental consent, and those aged 16 can contract for other insurance types with consent. Minors cannot rescind or avoid insurance contracts due to their age, except for unpaid premiums.
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