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23-81-117. Life insurance — Indebtedness deducted from proceeds.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-81-117. Life insurance — Indebtedness deducted from proceeds.
In determining the amount due under any life insurance policy issued, deduction may be made of:
(1) Any unpaid premiums or installments thereof for the current policy year due under the terms of the policy; and
(2) The amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-81-117
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:23-81-117
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7a7fa11bd7b598585808b2be953c0bf9d999d63dd469a1a1b65409f9013d62a0
Source location: content.xml paragraph 48793
Stored source content
23-81-117. Life insurance — Indebtedness deducted from proceeds.
In determining the amount due under any life insurance policy issued, deduction may be made of:
(1) Any unpaid premiums or installments thereof for the current policy year due under the terms of the policy; and
(2) The amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid.
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