Arkansas § 23-89-210 Premium reduction for college graduates

Arkansas Statutes

§ 23-89-210 — Premium reduction for college graduates

Arkansas § 23-89-210

Title23

This text of Arkansas § 23-89-210 (Premium reduction for college graduates) 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. § 23-89-210 (2026).

Text

(a)Any schedule of rates or rating plan for automobile liability and physical damage insurance submitted to or filed with the Insurance Commissioner shall provide for an appropriate reduction in premium charges for those insured under twenty-five (25) years of age who have graduated from a college or university, and whose cumulative scholastic records show that the insured attained one (1) of the following:

(1)If letter grades are used, a grade average of "B" or higher; or (2) At least a 3-point average on a 4-point scale (or equivalent).

(b)All insurance companies writing automobile liability and physical damage insurance in Arkansas shall allow an appropriate reduction in premium charges to all eligible persons subject to this section.

(c)This reduction in premium charges shall not a

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Any schedule of rates or rating plan for automobile liability and physical damage insurance submitted to or filed with the Insurance Commissioner shall provide for an appropriate reduction in premium charges for those insured under twenty-five (25) years of age who have graduated from a college or university, and whose cumulative scholastic records show that the insured attained one (1) of the following: (1) If letter grades are used, a grade average of "B" or higher; or (2) At least a 3-point average on a 4-point scale (or equivalent). (b) All insurance companies writing automobile liability and physical damage insurance in Arkansas shall allow an appropriate reduction in premium charges to all eligible persons subject to this section. (c) This reduction in premium charges shall not apply to those insureds who qualify for a premium reduction due to marriage.