Arkansas Code Title 23, Subtitle 3, Chapter 80, Subchapter 2 - Life and Accident and Health Insurance Policy Language Simplification Act
- § 23-80-201 - Title.
This subchapter may be cited as the "Life and Accident and Health Insurance Policy Language Simplification Act".
- § 23-80-202 - Purpose.
(a) The purpose of this subchapter is to establish minimum standards for language used in policies, contracts, and certificates of life insurance and annuities,...
- § 23-80-203 - Definitions.
As used in this subchapter: (1) "Commissioner" means the Insurance Commissioner; (2) "Company" or "insurer" means any life or accident and health insurance company,...
- § 23-80-204 - Applicability.
(a) This subchapter shall apply to all policies delivered or issued for delivery in this state by any company on or after the date...
- § 23-80-205 - Construction.
Nothing in this subchapter shall be construed to negate any law of this state permitting the issuance of any policy form after it has...
- § 23-80-206 - Minimum Standards.
(a) In addition to any other requirements of law, no policy forms, except as stated in § 23-80-204, shall be delivered or issued for...
- § 23-80-207 - Authorization to Use Lower Score.
The Insurance Commissioner may authorize a lower score than the Flesch reading ease score required in § 23-80-206(a)(1) whenever, in the commissioner's discretion, he...
- § 23-80-208 - Approval of Forms.
A policy form meeting the requirements of § 23-80-206(a) shall be approved notwithstanding the provisions of any other laws which specify the content of...
Last modified: November 15, 2016