Browse Arkansas Code titles and sections
23-81-103. Life insurance — Standard provisions required.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-81-103. Life insurance — Standard provisions required.
(a) No policy of life insurance, other than credit life, industrial, group, and pure endowments with or without return of premiums or of premiums and interest, shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions required by §§ 23-81-101 and 23-81-104 — 23-81-112.
(b) This section shall not apply to annuity contracts nor to any provision of a life insurance policy, or contract supplemental thereto, relating to disability benefits or to additional benefits in the event of death by accident or accidental means.
(c) Any of the provisions or portions thereof not applicable to single premium or term policies shall to that extent not be incorporated therein.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-81-103
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-81-103
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ef720ba6262fe3a0a4caa5171d1b157789941689477de2a1fb0070e95abbf02d
Source location: content.xml paragraph 48619
Stored source content
23-81-103. Life insurance — Standard provisions required.
(a) No policy of life insurance, other than credit life, industrial, group, and pure endowments with or without return of premiums or of premiums and interest, shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions required by §§ 23-81-101 and 23-81-104 — 23-81-112.
(b) This section shall not apply to annuity contracts nor to any provision of a life insurance policy, or contract supplemental thereto, relating to disability benefits or to additional benefits in the event of death by accident or accidental means.
(c) Any of the provisions or portions thereof not applicable to single premium or term policies shall to that extent not be incorporated therein.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-81-101. Title required.
There shall be a title on the policy briefly describing it.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-81-101
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-81-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-81-104. Life insurance — Grace period provision.
(a) There shall be a provision that a grace period of thirty (30) days, or, at the option of the insurer, of one (1) month of not less than thirty (30) days, shall be allowed within which the payment of any premium after the first may be made, during which period of grace the policy shall continue in full force.
(b) However, if a claim arises under the policy during that period of grace, the amount of any premium due or overdue may be deducted from the policy proceeds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-81-104
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-81-104. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-81-112. Life insurance — Payment of premiums provision.
There shall be a provision relative to the payment of premiums.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-81-112
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-81-112. This identifies an authority to review, not proof of applicability.