Go to previous versions of this Section
2020 (you are here)
2019
2018
2017
2016
Other previous versions

2020 Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 3 - Insurance
Chapter 81 - Life Insurance Policies And Annuities
Subchapter 4 - Variable Contracts
§ 23-81-401. Exceptions from Arkansas Insurance Code

Universal Citation: AR Code § 23-81-401 (2020)
Next

  1. (a)

    1. (1) All pertinent provisions of the Arkansas Insurance Code shall apply to separate accounts and contracts relating to those accounts, except:

      1. (A) Sections 23-81-122, 23-81-127, and 23-81-128 in the case of a variable annuity contract;

      2. (B) Sections 23-81-104, 23-81-109 — 23-81-111, and the Standard Nonforfeiture Law for Life Insurance, § 23-81-201 et seq., in the case of a variable life insurance policy;

      3. (C) Section 23-83-109 in the case of group variable life insurance; and

      4. (D) As otherwise provided in this subchapter.

    2. (2) Any group or individual variable life insurance contract or annuity contract delivered or issued for delivery in this state shall contain grace, reinstatement, and nonforfeiture provisions appropriate to the contract.

  2. (b) The reserve liability for variable contracts shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits provided and any mortality guaranteed.

Next
Disclaimer: These codes may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.