Arkansas § 23-82-109 Dividend provision

Arkansas Statutes

§ 23-82-109 — Dividend provision

Arkansas § 23-82-109

Title23

This text of Arkansas § 23-82-109 (Dividend provision) 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. § 23-82-109 (2026).

Text

(a)If the industrial life insurance policy is a participating policy, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the policy. However, at the option of the insurer, the participation may be deferred to the end of the fifth policy year.

(b)This provision shall not prohibit the payment of additional dividends on default of payment of premiums or termination of the policy.

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(a) If the industrial life insurance policy is a participating policy, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the policy. However, at the option of the insurer, the participation may be deferred to the end of the fifth policy year. (b) This provision shall not prohibit the payment of additional dividends on default of payment of premiums or termination of the policy.