Arkansas Code Title 23, Subtitle 3, Chapter 81, Subchapter 3 - Standard Nonforfeiture Law for Individual Deferred Annuities

• § 23-81-301 - Title.
  This subchapter shall be known as the "Standard Nonforfeiture Law for Individual Deferred Annuities".
• § 23-81-302 - Applicability.
  This subchapter shall not apply to any reinsurance, group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by...
• § 23-81-303 - Nonforfeiture Requirements.
  (a) In the case of contracts issued on or after the operative date of this subchapter as defined in § 23-81-312, no contract of...
• § 23-81-304 - Minimum Values.
  (a) (1) Prior to July 15, 2006, a company may elect to comply with the provisions of: (A) Subsections (b) and (c) of this...
• § 23-81-305 - Computation of Present Value.
  (a) Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence...
• § 23-81-306 - Calculation of Cash Surrender Values.
  (a) For contracts which provide cash surrender benefits, the cash surrender benefits available prior to maturity shall not be less than the present value...
• § 23-81-307 - Calculation of Paid-Up Annuity Benefits.
  (a) For contracts which do not provide cash surrender benefits, the present value of any paid-up annuity benefit available as a nonforfeiture option at...
• § 23-81-308 - Maturity Date.
  (a) For the purpose of determining the benefits calculated under §§ 23-81-306 and 23-81-307, in the case of annuity contracts under which an election...
• § 23-81-309 - Disclosure of Limited Death Benefits.
  Any contract which does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior...
• § 23-81-310 - Inclusion of Lapse-Of-time Considerations.
  Any paid-up annuity, cash surrender, or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled...
• § 23-81-311 - Proration of Values -- Additional Benefits.
  (a) For any contract which provides, within the same contract by rider or supplemental contract provision, both annuity benefits and life insurance benefits that...
• § 23-81-312 - Operative Date.
  (a) After June 17, 1981, any insurer may file with the Insurance Commissioner a written notice of its election to comply with the provisions...
• § 23-81-313 - Rules and Regulations.
  The Insurance Commissioner may adopt rules and regulations to implement the provisions of this subchapter.

Last modified: November 15, 2016