23-85-121. Optional other insurance in this insurer provision.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-85-121. Optional other insurance in this insurer provision.

23-85-121. Optional other insurance in this insurer provision. (a) There may be a provision as follows: “Other Insurance in This Insurer: If an accident or sickness or accident and sickness policy or policies previously issued by the insurer to the insured is in force concurrently herewith, making the aggregate indemnity for (insert type of coverage or coverages) in excess of $ (insert maximum limit of indemnity or indemnities) the excess insurance shall be void and all premiums paid for such excess shall be returned to the insured or to his estate.” (b) In lieu of the provision in subsection (a) of this section, there may be a provision as follows: “Insurance effective at any one (1) time on the insured under a like policy or policies in this insurer is limited to the one (1) such policy elected by the insured, his beneficiary or his estate, as the case may be, and the insurer will return all premiums paid for all other such policies.”

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-85-121

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.