Arkansas Statutes
§ 23-83-101 — Group contracts must meet group requirements
Arkansas·Title 23
(a)Except when specifically provided otherwise, "policy" as used in this chapter shall include both life insurance and annuities.
(b)(1) No policy shall be delivered in this state insuring the lives of more than one (1) individual with or without one (1) or more members of the family or one (1) or more dependents, or covering one (1) or more members of the family or one (1) or more dependents of the group of persons, unless to one (1) of the groups as provided for in §§ 23-83-102 - 23-83-107 and unless in compliance with the other applicable provisions of this chapter.
(2)Subdivision (b)(1) of this section shall not apply to policies:
(A)Insuring only individuals related by blood, marriage, or legal adoption;
(B)Insuring only individuals having a common interest through ownership of a
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Legislative History
Acts 1981, No. 898, § 1; A.S.A. 1947, § 66-3501.
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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