Arkansas Code Title 23, Subtitle 3, Chapter 83 - Group Life Insurance and Annuities
- § 23-83-101 - Group Contracts Must Meet Group Requirements.
(a) Except when specifically provided otherwise, "policy" as used in this chapter shall include both life insurance and annuities.(b) (1) No policy shall be...
- § 23-83-102 - Employee Groups.
A policy issued to an employer or to the trustees of a fund established by an employer, which employer or trustees shall be deemed...
- § 23-83-103 - Labor Union Groups.
A policy issued to a labor union or similar employer organization, which shall be deemed to be the policyholder, to insure members of the...
- § 23-83-104 - Trustee Groups.
A policy issued to a trust or to the trustee of a fund established by two (2) or more employers, or by one (1)...
- § 23-83-105 - Debtor Groups and Credit Union Groups.
(a) Excluding an annuity policy, a policy issued to a creditor or its parent holding company or to a trustee or agent designated by...
- § 23-83-106 - Association Groups.
(a) A policy can be issued to an association or to a trust or to the trustee or trustees of a fund established, created,...
- § 23-83-107 - Restrictions on Coverage of Other Groups.
Group insurance offered to a resident of this state under a group policy issued to a group other than one described in §§ 23-83-102...
- § 23-83-108 - Restrictions on Coverage of Spouse and Dependent Children of Group Member.
Except for a policy issued under § 23-83-105(a), a group policy, excluding an annuity policy, may be extended to insure the employees or members...
- § 23-83-109 - Provisions Required in Policy.
(a) No policy shall be delivered in this state unless it contains in substance the following provisions, or provisions which in the opinion of...
- § 23-83-110 - Grace Period for Payment of Premium Provision.
(a) Excluding an annuity policy, the group policy shall contain a provision that the policyholder is entitled to a grace period of thirty-one (31)...
- § 23-83-111 - Incontestability Provision.
(a) The group policy shall contain a provision that the validity of the policy shall not be contested, except for fraud in the procurement...
- § 23-83-112 - Application Attached to Policy Provision -- Statements Deemed Representations.
The group policy shall contain a provision that a copy of the application, if any, of the policyholder shall be attached to the policy...
- § 23-83-113 - Insurability Provision.
The group policy shall contain a provision setting forth the conditions, if any, under which the insurer reserves the right to require a person...
- § 23-83-114 - Misstatement of Age Provision.
A group policy shall contain a provision specifying an equitable adjustment of premiums or of benefits, or of both, to be made in the...
- § 23-83-115 - Payment of Benefits Provision.
A group policy shall contain a provision that any sum becoming due by reason of the death of the person insured shall be payable...
- § 23-83-116 - Issuance of Certificate to Policyholder Provision.
A group policy shall contain a provision that the insurer will issue to the policyholder for delivery to each person insured a certificate setting...
- § 23-83-117 - Conversion on Termination of Eligibility Provision.
Excluding an annuity policy, a group policy shall contain a provision that if the insurance or any portion of it on a person covered...
- § 23-83-118 - Conversion on Termination of Policy Provision.
(a) Excluding an annuity policy, a group policy shall contain a provision that if the group policy terminates or is amended so as to...
- § 23-83-119 - Death Pending Conversion Provision.
Excluding an annuity policy, a group policy shall contain a provision that if a person insured under the group policy, or the insured dependent...
- § 23-83-120 - Continuation of Coverage During Insured's Total Disability Provision.
(a) Excluding an annuity policy, a group policy shall contain a provision that when active employment is a condition of insurance, a provision that...
- § 23-83-121 - Delivery of Certificate of Insurance to Insured Debtors Provision.
In the case of a policy insuring the lives of debtors, a provision that the insurer will furnish to the policyholder for delivery to...
- § 23-83-122 - Notice As to Conversion Right.
(a) If any individual insured under a group policy, excluding an annuity policy, hereafter delivered in this state becomes entitled under the terms of...
- § 23-83-123 - Group Insurance on Arkansas Residents Placed in Authorized Insurers.
(a) All group life, annuity, and accident and health insurance placed by an employer on employees who are residents of this state shall be...
- § 23-83-124 - Group Insurance in Unauthorized Insurer.
(a) Any employer in this state withholding or collecting any money from employees who are residents of this state for any group life, annuity,...
- § 23-83-125 - Assignment of Rights or Incidents of Ownership.
Nothing in §§ 23-83-101 -- 23-83-124 shall prohibit a person who is insured under any group policy from making an assignment or otherwise disposing...
- § 23-83-126 - Assignment of Rights Not to Prejudice Insurer.
Subject to the terms of the group policy relating to assignment of rights or incidents of ownership thereunder, an assignment by the insured, whether...
- § 23-83-127 - [Repealed.]
Last modified: November 15, 2016