Arkansas § 23-83-109 Provisions required in policy

Arkansas Statutes

§ 23-83-109 — Provisions required in policy

Arkansas § 23-83-109

Title23

This text of Arkansas § 23-83-109 (Provisions required in policy) 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. § 23-83-109 (2026).

Text

(a)No policy shall be delivered in this state unless it contains in substance the following provisions, or provisions which in the opinion of the Insurance Commissioner are more favorable to the persons insured, or at least as favorable to the persons insured and more favorable to the policyholder.

(b)However:

(1)Provisions in §§ 23-83-115 - 23-83-119 shall not apply to policies insuring the lives of debtors;

(2)The standard provisions required for individual policies shall not apply to group policies; and (3) If the group policy is an annuity policy or is a life insurance policy on a plan of insurance other than the term plan, it shall contain a nonforfeiture provision which in the opinion of the commissioner is equitable to the insured persons and to the policyholder, but nothing in

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(a) No policy shall be delivered in this state unless it contains in substance the following provisions, or provisions which in the opinion of the Insurance Commissioner are more favorable to the persons insured, or at least as favorable to the persons insured and more favorable to the policyholder. (b) However: (1) Provisions in §§ 23-83-115 - 23-83-119 shall not apply to policies insuring the lives of debtors; (2) The standard provisions required for individual policies shall not apply to group policies; and (3) If the group policy is an annuity policy or is a life insurance policy on a plan of insurance other than the term plan, it shall contain a nonforfeiture provision which in the opinion of the commissioner is equitable to the insured persons and to the policyholder, but nothing in this subdivision (b)(3) shall be construed to require that group policies contain the same nonforfeiture provisions as are required for individual policies.