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23-87-116. Debtor's choice of insurer as additional security.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-87-116. Debtor's choice of insurer as additional security.
When credit life insurance or credit disability insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or her or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this state.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-87-116
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:23-87-116
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 25f9b96d31fee6abac254dceb889b1d33a54d4b39eb7e301440cc95bbbd2c07e
Source location: content.xml paragraph 52967
Stored source content
23-87-116. Debtor's choice of insurer as additional security.
When credit life insurance or credit disability insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or her or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this state.
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