Arkansas § 23-84-108 Calculation of reserves - Minimum aggregate reserves for certain life insurance policies

Arkansas Statutes

§ 23-84-108 — Calculation of reserves - Minimum aggregate reserves for certain life insurance policies

Arkansas § 23-84-108

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This text of Arkansas § 23-84-108 (Calculation of reserves - Minimum aggregate reserves for certain life insurance policies) 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. § 23-84-108 (2026).

Text

(a)In no event shall an insurer's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, issued on or after June 17, 1981, be less than the aggregate reserves calculated in accordance with the methods set forth in §§ 23-84-106 , 23-84-107 , 23-84-110 , and 23-84-111 , and the mortality tables and rates of interest used in calculating nonforfeiture benefits for the policies.

(b)In no event shall the aggregate reserves for all policies, contracts, and benefits be less than the aggregate reserves determined by the appointed actuary to be necessary to render the opinion required by § 23-84-112 .

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(a) In no event shall an insurer's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, issued on or after June 17, 1981, be less than the aggregate reserves calculated in accordance with the methods set forth in §§ 23-84-106 , 23-84-107 , 23-84-110 , and 23-84-111 , and the mortality tables and rates of interest used in calculating nonforfeiture benefits for the policies. (b) In no event shall the aggregate reserves for all policies, contracts, and benefits be less than the aggregate reserves determined by the appointed actuary to be necessary to render the opinion required by § 23-84-112 .

Legislative History

Amended by Act 2015, No. 1223,§ 41, eff. 7/22/2015. Acts 1959, No. 148, § 92; 1977, No. 551, § 4; 1981, No. 535, § 1; A.S.A. 1947, § 66-2511; Acts 1995, No. 1272, § 17.