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2020 Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 3 - Insurance
Chapter 81 - Life Insurance Policies And Annuities
Subchapter 9 - Unclaimed Life Insurance Benefits Act
§ 23-81-902. Legislative intent
Universal Citation: AR Code § 23-81-902 (2020)
The General Assembly intends for this subchapter to:
(1) Recognize the escheat or unclaimed property statutes under the Unclaimed Property Act, § 18-28-201 et seq.; and
(2) Require the complete and proper disclosure, transparency, and accountability for any method of payment of death benefits under a life insurance policy that is subject to regulation by the State Insurance Department.
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