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23-82-102. Scope.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-82-102. Scope.
The provisions of this chapter apply only to industrial life insurance policies. The following sections shall also apply to industrial life insurance:
(1) Section 23-81-114, excluded or restricted coverage;
(2) Section 23-81-115, limitation of liability;
(3) Section 23-81-120, prohibited policy plans;
(4) Section 23-81-129, incontestability after reinstatement; and
(5) The Standard Nonforfeiture Law for Life Insurance, § 23-81-201 et seq.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-82-102
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:23-82-102
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 374c17c4de7ba1ad74f275c3ec2ff7ee1170ec8198fb83f75f76a74ce66c4ad4
Source location: content.xml paragraph 50196
Stored source content
23-82-102. Scope.
The provisions of this chapter apply only to industrial life insurance policies. The following sections shall also apply to industrial life insurance:
(1) Section 23-81-114, excluded or restricted coverage;
(2) Section 23-81-115, limitation of liability;
(3) Section 23-81-120, prohibited policy plans;
(4) Section 23-81-129, incontestability after reinstatement; and
(5) The Standard Nonforfeiture Law for Life Insurance, § 23-81-201 et seq.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-81-114. Life insurance — Excluded or restricted coverage clauses limited.
A clause in any policy of life insurance providing that the policy shall be incontestable after a specified period shall preclude only a contest of the validity of the policy. Such a clause shall not preclude the assertion at any time of defenses based upon provisions in the policy which exclude or restrict coverage, whether or not the restrictions or exclusions are excepted in the clause.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-81-114
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 23-81-114. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-81-115. Life insurance — Limitation of liability.
(a) No policy of life insurance shall be delivered or issued for delivery in this state if it contains any of the following provisions:
(1) A provision for a period shorter than that provided by statute within which an action at law or in equity may be commenced on such a policy;
(2) A provision which excludes or restricts liability for death caused in a certain specified manner or occurring while the insured has a specified status, except that a policy may contain provisions excluding or restricting coverage as specified therein in the event of death under any one (1) or more of the following circumstances:
(A) Death as a result, directly or indirectly, of war, declared or undeclared, or of action by military forces, or of any act or hazard of the war or action, or of service in the military, naval, or air forces or in civilian forces auxiliary thereto, or from any cause while a member of the military, naval, or air forces of any country at war, declared or undeclared, or of any country engaged in the military action;
(B) Death as a result of aviation or any air travel or flight;
(C) Death as a result of a specified hazardous occupation or occupations;
(D) Death while the insured is a resident outside the continental United States and Canada; or
(E) Death within two (2) years from the date of issue of the policy or within two (2) years of the effective date of any increase in the face amount of the policy as a result of suicide, while sane or insane. However, the parts of this subdivision (a)(2)(E) applicable to increases in the face amount of the policy shall apply only to the additional amount.
(b) A policy which contains any exclusion or restriction pursuant to subsection (a) of this section shal
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-81-115
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 23-81-115. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-81-120. Life insurance — Unnamed beneficiaries prohibited.
(a) No life insurance policy shall be issued or delivered in this state if it provides that on the death of anyone not specifically named therein, the owner or beneficiary of the policy shall receive the payment or granting of anything of value.
(b) This provision shall not be deemed to prohibit:
(1) The payment to policyholders or beneficiaries of sums representing in whole or in part gains to the insurer from mortality either in general or as resulting from particular classifications of policies;
(2) Family policies insuring unspecified members of a family; or
(3) Payments to unspecified beneficiaries of a class named by the insured.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-81-120
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 23-81-120. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-81-129. Incontestability of life insurance policy or annuity contract after reinstatement.
The reinstatement of any policy of life insurance or annuity contract delivered or issued for delivery in this state may be contested on account of fraud or misrepresentation of facts material to the reinstatement only for the same period following reinstatement and with the same conditions and exceptions as the policy provides with respect to contestability after original issuance.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-81-129
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 23-81-129. This identifies an authority to review, not proof of applicability.