Arkansas Statutes
§ 23-84-110 — Calculation of reserves - Certain life insurance policies and contracts
Arkansas·Title 23
(a)If in any contract year the gross premium charged by a company on any policy or contract is less than the valuation net premium for the policy or contract calculated by the method used in calculating the reserve thereon, but using the minimum valuation standards of mortality and rate of interest, the minimum reserve required for the policy or contract shall be the greater of either the reserve calculated according to the mortality table, rate of interest, and method actually used for the policy or contract, or the reserve calculated by the method actually used for the policy or contract but using the minimum valuation standards of mortality and rate of interest and replacing the valuation net premium by the actual gross premium in each contract year for which the valuation net premium
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Arkansas § 23-84-110 (Calculation of reserves - Certain life insurance policies and contracts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Act 2015, No. 1223,§ 43, eff. 7/22/2015. Acts 1959, No. 148, § 92; 1977, No. 551, § 6; 1981, No. 535, § 1; A.S.A. 1947, § 66-2511.
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