Browse Arkansas Code titles and sections
23-81-305. Computation of present value.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-81-305. Computation of present value.
(a) Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date.
(b) The present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-81-305
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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Stable record: arkansas_code:legal_authorities:23-81-305
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0ee9f71bc0dae367e3a29d41888b7bdba5ccbd1d3df844a8267591be24876d44
Source location: content.xml paragraph 49255
Stored source content
23-81-305. Computation of present value.
(a) Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date.
(b) The present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.
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