Browse Arkansas Code titles and sections
23-82-109. Dividend provision.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-82-109. Dividend provision.
(a) If the industrial life insurance policy is a participating policy, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the policy. However, at the option of the insurer, the participation may be deferred to the end of the fifth policy year.
(b) This provision shall not prohibit the payment of additional dividends on default of payment of premiums or termination of the policy.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-82-109
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:23-82-109
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ef3ec0df3b8ae9472a1b00eb0dc2700e8b6cd0bc038c943a27d9159f7ba233b0
Source location: content.xml paragraph 50249
Stored source content
23-82-109. Dividend provision.
(a) If the industrial life insurance policy is a participating policy, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the policy. However, at the option of the insurer, the participation may be deferred to the end of the fifth policy year.
(b) This provision shall not prohibit the payment of additional dividends on default of payment of premiums or termination of the policy.
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