Arkansas Statutes
§ 23-87-107 — Policy forms
Arkansas·Title 23
Credit life insurance and credit disability insurance shall be issued only in the following forms:
(1)Individual policies of life insurance issued to debtors on the term plan;
(2)Individual policies of disability insurance issued to debtors on a term plan, or disability provisions in individual life policies to provide coverage;
(3)Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and (4) Group policies of disability insurance issued to creditors on a term plan insuring debtors, or disability provisions in group life policies to provide coverage.
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Legislative History
Acts 1959, No. 148, § 431; A.S.A. 1947, § 66-3805.
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