Arkansas § 23-87-107 Policy forms

Arkansas Statutes

§ 23-87-107 — Policy forms

Arkansas § 23-87-107

Title23

This text of Arkansas § 23-87-107 (Policy forms) 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. § 23-87-107 (2026).

Text

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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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.