Arkansas Statutes
§ 23-63-821 — Policy loans
Arkansas § 23-63-821
JurisdictionArkansas
Title23
This text of Arkansas § 23-63-821 (Policy loans) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 23-63-821 (2026).
Text
(a)A life insurer may lend to its policyholder upon pledge of the policy as collateral security any sum not exceeding the cash surrender value of the policy or may lend against pledge or assignment of any of its supplementary contracts or its other contracts or obligations, so long as the loan is adequately secured by the pledge or assignment.
(b)Loans so made are eligible investments of the insurer.
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Legislative History
Acts 1959, No. 148, § 117; A.S.A. 1947, § 66-2621.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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Bluebook (online)
Arkansas § 23-63-821, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-63-821.