Chapter 81

Life Insurance Policies And Annuities

Subchapter 1

— General Provisions

23-81-101. Title required.

23-81-102. Scope.

23-81-103. Life insurance — Standard provisions required.

23-81-104. Life insurance — Grace period provision.

23-81-105. Life insurance — Incontestability provision.

23-81-106. Life insurance — Integrity of contract and alteration of contract provisions.

23-81-107. Life insurance — Misstatement of age provision.

23-81-108. Life insurance — Dividend provision.

23-81-109. Life insurance — Adjustment of loan interest rates provision.

23-81-110. Life insurance — Table of installments provision.

23-81-111. Life insurance — Reinstatement provision.

23-81-112. Life insurance — Payment of premiums provision.

23-81-113. Life insurance — Payment of claims provision.

23-81-114. Life insurance — Excluded or restricted coverage clauses limited.

23-81-115. Life insurance — Limitation of liability.

23-81-116. Life insurance — Holding of proceeds.

23-81-117. Life insurance — Indebtedness deducted from proceeds.

23-81-118. Life insurance — Refund of certain premiums and payment of proceeds.

23-81-119. [Repealed.]

23-81-120. Life insurance — Unnamed beneficiaries prohibited.

23-81-121. Annuity and pure endowment contracts — Standard provisions required.

23-81-122. Annuity and pure endowment contracts — Grace period provision.

23-81-123. Annuity and pure endowment contracts — Incontestability provision.

23-81-124. Annuity and pure endowment contracts — Integrity of contract provision.

23-81-125. Annuity and pure endowment contracts — Misstatement of age provision.

23-81-126. Annuity and pure endowment contracts — Dividend provision.

23-81-127. Annuity and pure endowment contracts — Reinstatement provision.

23-81-128. Reversionary annuities — Standard provisions required.

23-81-129. Incontestability of life insurance policy or annuity contract after reinstatement.

23-81-130. Registered life insurance policies and annuity contracts — Deposit of reserves.

23-81-131. Registered life insurance policies and annuity contracts — Certificate.

23-81-132. Registered life insurance policies and annuity contracts — Valuation.

23-81-133. Registered life insurance policies and annuity contracts — Mutilated or surrendered policies.

23-81-134. Registered life insurance policies and annuity contracts — Maintenance of deposit — Commissioner's duty to issue certificate.

23-81-135. Registered life insurance policies and annuity contracts — Credit of certain deposits.

23-81-136. Registered life insurance policies and annuity contracts — Deficiency of deposit.

Subchapter 2

— Standard Nonforfeiture Law For Life Insurance

23-81-201. Title.

23-81-202. Applicability.

23-81-203. Nonforfeiture provisions.

23-81-204. Cash surrender value.

23-81-205. Certain paid-up benefits.

23-81-206. Calculation of adjusted premiums and present values issued before operative date of § 23-81-213(d).

23-81-207. Calculation of adjusted premiums and present values — Ordinary policies issued on or after operative date of § 23-81-213(b).

23-81-208. Calculation of adjusted premiums and present values — Industrial policies issued on or after operative date of § 23-81-213(c).

23-81-209. Calculation of adjusted premiums and present values — All policies issued on or after operative date of § 23-81-213(d).

23-81-210. Calculation of future adjusted premiums.

23-81-211. Calculation of certain cash surrender values and nonforfeiture benefits in event of default.

23-81-212. Calculation of cash surrender value in event of default.

23-81-213. Effective dates.

Subchapter 3

— Standard Nonforfeiture Law For Individual Deferred Annuities

23-81-301. Title.

23-81-302. Applicability.

23-81-303. Nonforfeiture requirements.

23-81-304. Minimum values.

23-81-305. Computation of present value.

23-81-306. Calculation of cash surrender values.

23-81-307. Calculation of paid-up annuity benefits.

23-81-308. Maturity date.

23-81-309. Disclosure of limited death benefits.

23-81-310. Inclusion of lapse-of-time considerations.

23-81-311. Proration of values — Additional benefits.

23-81-312. Operative date.

23-81-313. Rules and regulations.

Subchapter 4

— Variable Contracts

23-81-401. Exceptions from Arkansas Insurance Code.

23-81-402. Provisions for allocation of income.

23-81-403. Contract provisions required.

23-81-404. Licensure requirements for delivery of contracts.

23-81-405. Insurance Commissioner's authority to regulate.

Subchapter 5

— Viatical Settlements Act

23-81-501 — 23-81-512. [Repealed.]

Subchapter 6

— Viatical Settlements Act

23-81-601. Title.

23-81-602. Definitions.

23-81-603. License requirements.

23-81-604. License revocation and denial.

23-81-605. Approval of viatical settlement contracts and disclosure statements.

23-81-606. Reporting requirements and privacy.

23-81-607. Examination or investigations.

23-81-608. Disclosure.

23-81-609. General rules.

23-81-610. Prohibited practices.

23-81-611. Advertising for viatical settlements.

23-81-612. Fraud prevention and control.

23-81-613. Injunctions — Civil remedies — Cease and desist orders.

23-81-614. Unfair trade practices.

23-81-615. Authority to promulgate regulations.

Subchapter 7

— Structured Settlement Protection

23-81-701. Title.

23-81-702. Definitions.

23-81-703. Required disclosures to payee.

23-81-704. Approval of transfers of structured settlement payment rights.

23-81-705. Effects of transfer of structured settlement payment rights.

23-81-706. Procedure for approval of transfers.

23-81-707. General provisions — Construction.