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23-83-107. Restrictions on coverage of other groups.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-83-107. Restrictions on coverage of other groups.
Group insurance offered to a resident of this state under a group policy issued to a group other than one described in §§ 23-83-102 — 23-83-106 shall be subject to the following requirements:
(1) No group policy or certificate shall be delivered in this state unless the Insurance Commissioner finds that:
(A) The issuance of the group policy is not contrary to the best interest of the public;
(B) The issuance of the group policy would be actuarially sound;
(C) The issuance of the group policy would result in economies of acquisition or administration; and
(D) The benefits are reasonable in relation to the premiums charged;
(2) The premium for the policy shall be paid either from the policyholder's funds or from funds contributed by the covered persons, or from both;
(3) The commissioner may issue rules implementing the requirements of subdivision (1) of this section; and
(4) An insurer may exclude or limit the coverage on any person as to whom evidence of individual insurability is not satisfactory to the insurer.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-83-107
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:23-83-107
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: bcf3b83704ee08c4897cc409b1a1c0eeab1adfbce612b3a5886e7f610e12835a
Source location: content.xml paragraph 50440
Stored source content
23-83-107. Restrictions on coverage of other groups.
Group insurance offered to a resident of this state under a group policy issued to a group other than one described in §§ 23-83-102 — 23-83-106 shall be subject to the following requirements:
(1) No group policy or certificate shall be delivered in this state unless the Insurance Commissioner finds that:
(A) The issuance of the group policy is not contrary to the best interest of the public;
(B) The issuance of the group policy would be actuarially sound;
(C) The issuance of the group policy would result in economies of acquisition or administration; and
(D) The benefits are reasonable in relation to the premiums charged;
(2) The premium for the policy shall be paid either from the policyholder's funds or from funds contributed by the covered persons, or from both;
(3) The commissioner may issue rules implementing the requirements of subdivision (1) of this section; and
(4) An insurer may exclude or limit the coverage on any person as to whom evidence of individual insurability is not satisfactory to the insurer.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-83-102. Employee groups.
A policy issued to an employer or to the trustees of a fund established by an employer, which employer or trustees shall be deemed the policyholder, to insure employees of the employer for the benefit of persons other than the employer, shall be subject to the following requirements:
(1)(A) The employees eligible for insurance under the policy shall be all of the employees of the employer, or all of any classes thereof.
(B) The policy may provide that the term “employees” shall include the employees of one (1) or more subsidiary corporations and the employees, individual proprietors, and partners of one (1) or more affiliated corporations, proprietorships, or partnerships if the business of the employer and of the affiliated corporations, proprietorships, or partnerships is under common control.
(C) The policy may provide that the term “employees” shall include the individual proprietor or partners if the employer is an individual proprietorship or partnership.
(D) The policy may provide that the term “employees” shall include retired employees and directors of a corporate employer.
(E) A policy issued to insure the employees of a public body may provide that the term “employees” shall include elected or appointed officials;
(2) The premium for the policy shall be paid either from the employer's funds or from funds contributed by the insured employees, or from both. Except as provided in subdivision (3) of this section, a policy on which no part of the premium is to be derived from funds contributed by the insured employees must insure all eligible employees, except those who reject the coverage in writing; and
(3) An insurer may exclude or limit the coverage on any person as to whom evidence of individual insurability is not s
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-83-102
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. The source passage cites 23-83-102. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-83-106. Association groups.
(a) A policy can be issued to an association or to a trust or to the trustee or trustees of a fund established, created, or maintained for the benefit of members of one (1) or more associations.
(b) The association shall have:
(1) At the outset a minimum of one hundred (100) persons;
(2) Been organized and maintained in good faith for purposes other than that of obtaining insurance;
(3) Been in active existence for at least two (2) years; and
(4) A constitution and bylaws which provide that:
(A) The association hold regular meetings not less than annually to further purposes of members;
(B) Except for credit unions, the association collect dues or solicit contributions from members; and
(C) The members have voting privileges and representation on the governing board and committees.
(c) The policy shall be subject to the following requirements:
(1) The policy may insure members of the association, employees thereof, or employees of members, or one (1) or more of the preceding or all of any classes thereof for the benefit of persons other than the employee's employer;
(2) The premium for the policy shall be paid from funds contributed by the association or by employer members, or by both, or from funds contributed by the covered persons or from both the covered persons and the association or employer members;
(3) Except as provided in subdivision (c)(5) of this section, a policy on which no part of the premium is to be derived from funds contributed by the covered persons specifically for their insurance must insure all eligible persons, except those who reject the coverage in writing;
(4) The Insurance Commissioner may issue regulations setting forth the disclosure requirements if a part or all of the premium for
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-83-106
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 23-83-106. This identifies an authority to review, not proof of applicability.