Arkansas Code Title 23, Subtitle 3, Chapter 81, Subchapter 2 - Standard Nonforfeiture Law for Life Insurance

• § 23-81-201 - Title.
  This subchapter shall be known and may be cited as the "Standard Nonforfeiture Law for Life Insurance".
• § 23-81-202 - Applicability.
  (a) This subchapter shall not apply to any of the following: (1) Reinsurance; (2) Group insurance; (3) Pure endowment; (4) Annuity or reversionary annuity...
• § 23-81-203 - Nonforfeiture Provisions.
  (a) In the case of policies issued on and after the operative date as defined in § 23-81-213(a), no policy of life insurance, except...
• § 23-81-204 - Cash Surrender Value.
  (a) Any cash surrender value available under the policy in the event of default in a premium payment due on any policy anniversary, whether...
• § 23-81-205 - Certain Paid-Up Benefits.
  Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be...
• § 23-81-206 - Calculation of Adjusted Premiums and Present Values Issued Before Operative Date of § 23-81-213(d).
  (a) (1) This section shall not apply to policies issued on or after the operative date of § 23-81-213(d) as defined therein. Except as...
• § 23-81-207 - Calculation of Adjusted Premiums and Present Values -- Ordinary Policies Issued on or After Operative Date of § 23-81-213(b).
  (a) In the case of ordinary policies issued on or after the operative date of § 23-81-213(b) as defined therein, all adjusted premiums and...
• § 23-81-208 - Calculation of Adjusted Premiums and Present Values -- Industrial Policies Issued on or After Operative Date of § 23-81-213(c).
  (a) In the case of industrial policies issued on or after the operative date of § 23-81-213(c) as defined therein, all adjusted premiums and...
• § 23-81-209 - Calculation of Adjusted Premiums and Present Values -- All Policies Issued on or After Operative Date of § 23-81-213(d).
  (a) (1) This section shall apply to all policies issued on or after the operative date of § 23-81-213(d) as defined therein. (2) Except...
• § 23-81-210 - Calculation of Future Adjusted Premiums.
  (a) In the case of any plan of life insurance which provides for future premium determination, the amounts of which are to be determined...
• § 23-81-211 - Calculation of Certain Cash Surrender Values and Nonforfeiture Benefits in Event of Default.
  (a) Any cash surrender value and any paid-up nonforfeiture benefit, available under the policy in the event of default in a premium payment due...
• § 23-81-212 - Calculation of Cash Surrender Value in Event of Default.
  (a) In addition to all other applicable sections of this subchapter, this section shall apply to all policies issued on or after January 1,...
• § 23-81-213 - Effective Dates.
  (a) After January 1, 1960, any insurer may file with the Insurance Commissioner a written notice of its election to comply after a specified...

Last modified: November 15, 2016