Arkansas Statutes
§ 23-87-116 — Debtor's choice of insurer as additional security
Arkansas § 23-87-116
JurisdictionArkansas
Title23
This text of Arkansas § 23-87-116 (Debtor's choice of insurer as additional security) 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. § 23-87-116 (2026).
Text
When credit life insurance or credit disability insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or her or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this state.
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Legislative History
Acts 1959, No. 148, § 440; A.S.A. 1947, § 66-3814.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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Bluebook (online)
Arkansas § 23-87-116, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-87-116.