reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 79 - INSURANCE POLICIES GENERALLY (§§ 23-79-101 — 23-79-2802) › Subchapter 25 - HEALTHCARE INSURER SHARE THE SAVINGS ACT (§§ 23-79-2501 — 23-79-2503) › Section 23-79-2503 - Implementation of subchapter - Requirements

(a)
An enrollee's defined cost sharing for a prescription drug shall be calculated at the point-of-sale based on a price that is reduced by an amount equal to at least one hundred percent (100%) of all rebates received, or to be received, in connection with the dispensing or administration of the prescription drug.
(b)
This subchapter shall not preclude a healthcare insurer from decreasing an enrollee's defined cost sharing by an amount greater than that required under subsection (a) of this section.
(c)
In implementing the requirements of this section, the state shall only regulate a healthcare insurer to the extent permissible under applicable law.
(d)
(1)
In complying with this section, a healthcare insurer or its agents shall not publish or otherwise reveal information regarding the actual amount of rebates a healthcare insurer receives on a product or therapeutic class of products, manufacturer, or pharmacy-specific basis.
(2)
The information described in subdivision (d)(1) of this section is:
(A)
Protected as a trade secret;
(B)
Considered proprietary and confidential under §
23-61-107(a)(4)
and §
23-61-207
;
(C)
Not subject to disclosure under the Freedom of Information Act of 1967, §
25-19-101
et seq.; and
(D)
Not to be disclosed:
(i)
Directly or indirectly; or
(ii)
In a manner that would:
(a)
Allow for the identification of an individual product, therapeutic class of products, or manufacturer; or
(b)
Have the potential to compromise the financial, competitive, or proprietary nature of the information.
(3)
A healthcare insurer shall impose the confidentiality protections of this section on any vendor or downstream third party that performs healthcare or administrative services on behalf of the healthcare insurer that may receive or have access to rebate information.
Added by Act 2023, No. 333,§ 1, eff. 8/1/2023.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 79 - INSURANCE POLICIES GENERALLY (§§ 23-79-101 — 23-79-2802) › Subchapter 26 - COVERAGE FOR BIOMARKER TESTING FOR EARLY DETECTION AND MANAGEMENT FOR CANCER DIAGNOSES (§§ 23-79-2601 — 23-79-2602) › Section 23-79-2602 - Coverage for biomarker testing for early detection and management for cancer diagnoses

(a)
A health benefit plan that is offered, issued, or renewed in this state shall provide coverage for biomarker testing.
(b)
The evidence of coverage document provided with a health benefit plan under this subchapter shall include biomarker testing for the purpose of diagnosis, treatment, appropriate management, or ongoing monitoring of a subscriber's disease or condition to guide treatment decisions when the biomarker test is supported by medical and scientific evidence, including without limitation:
(1)
Labeled indications for tests that are approved or cleared by the United States Food and Drug Administration;
(2)
Indicated tests for a drug that is approved by the United States Food and Drug Administration;
(3)
Warnings and precautions on United States Food and Drug Administration-approved drug labels;
(4)
Centers for Medicare & Medicaid Services national coverage determinations or Medicare administrative contractor local coverage determinations; or
(5)
Nationally recognized clinical practice guidelines and consensus statements.
(c)
A health benefit plan shall ensure that coverage is provided in a manner that limits disruptions in care, including the need for multiple biopsies and biospecimen samples as determined by a healthcare professional.
(d)
(1)
A subscriber and a subscriber's healthcare professional shall have access to a clear, readily available, and convenient process to request an exception to a health benefit plan under this subchapter.
(2)
The process under subdivision (d)(1) of this section shall be readily accessible on the health benefit plan's website.
(3)
This section shall not be construed to require a separate process if the health benefit plan's existing process complies with subdivision (d)(1) of this section.
(e)
A utilization review entity shall make a determination on a request for coverage of biomarker testing at the same scope, duration, and frequency as the health benefit plan otherwise provides to subscribers.
(f)
If prior authorization is required for biomarker testing, the utilization review entity shall approve or deny a prior authorization request and notify the subscriber, the subscriber's healthcare professional, and any entity requesting prior authorization of the healthcare service:
(1)
Within seventy-two (72) hours for requests for nonurgent healthcare services; or
(2)
Within twenty-four (24) hours for requests for urgent healthcare services.
Added by Act 2023, No. 429,§ 1, eff. 8/1/2023.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 79 - INSURANCE POLICIES GENERALLY (§§ 23-79-101 — 23-79-2802) › Subchapter 27 - ARKANSAS TRIAGE, TREAT, AND TRANSPORT TO ALTERNATIVE DESTINATION ACT (§§ 23-79-2701 — 23-79-2703) › Section 23-79-2701 - Title

This subchapter shall be known and may be cited as the "Arkansas Triage, Treat, and Transport to Alternative Destination Act".
Added by Act 2023, No. 480,§ 2, eff. 8/1/2023.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 79 - INSURANCE POLICIES GENERALLY (§§ 23-79-101 — 23-79-2802) › Subchapter 27 - ARKANSAS TRIAGE, TREAT, AND TRANSPORT TO ALTERNATIVE DESTINATION ACT (§§ 23-79-2701 — 23-79-2703) › Section 23-79-2703 - Coverage for ambulance service to triage and transport enrollee to alternative destination or treat in place

(a)
On and after January 1, 2024, a healthcare insurer that offers, issues, or renews a health benefit plan in this state shall provide coverage for:
(1)
An ambulance service to:
(A)
Treat an enrollee in place if the ambulance service is coordinating the care of the enrollee through telemedicine with a physician for a medical-based complaint or with a behavioral health specialist for a behavioral-based complaint; or
(B)
Triage or triage and transport an enrollee to an alternative destination if the ambulance service is coordinating the care of the enrollee through telemedicine with a physician for a medical-based complaint or with a behavioral health specialist for a behavioral-based complaint; or
(2)
An encounter between an ambulance service and enrollee that results in no transport of the enrollee if:
(A)
The enrollee declines to be transported against medical advice; and
(B)
The ambulance service is coordinating the care of the enrollee through telemedicine with a physician for a medical-based complaint or with a behavioral health specialist for a behavioral-based complaint.
(b)
The coverage under this section:
(1)
Only includes ambulance service transportation to the treatment location;
(2)
Is subject to the initiation of ambulance service treatment as a result of a 911 call that is documented in the records of the ambulance service;
(3)
Is subject to health benefit plan deductibles or copayment requirements;
(4)
Does not diminish or limit benefits otherwise allowable under a health benefit plan, even if the billing claims for medical or behavioral health services overlap in time that is billed by the ambulance service also providing care; and
(5)
Is subject to any health benefit plan provisions that apply to other services covered by the health benefit plan.
(c)
The reimbursement rate for an ambulance service whose operators triage, treat, and transport an enrollee to an alternative destination, or triage, treat, and do not transport an enrollee if the enrollee declines to be transported against medical advice, if the ambulance service is coordinating the care of the enrollee through telemedicine with a physician for a medical-based complaint or with a behavioral health specialist for a behavioral-based complaint under this section shall be at least at the rate:
(1)
Contracted with a local government entity where the alternative destination is located; or
(2)
Established by the Workers' Compensation Commission under its schedule for emergency Advanced Life Support Level 1.
Added by Act 2023, No. 480,§ 2, eff. 8/1/2023.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 79 - INSURANCE POLICIES GENERALLY (§§ 23-79-101 — 23-79-2802) › Subchapter 28 - COVERAGE FOR SCREENING FOR BEHAVIORAL HEALTH CONDITIONS AND COVERAGE FOR BEHAVIORAL HEALTH SERVICES (§§ 23-79-2801 — 23-79-2802) › Section 23-79-2801 - Definitions

As used in this subchapter:
(1)
(A)
"Health benefit plan" means:
(i)
An individual, blanket, or group plan or a policy or contract for healthcare services issued or delivered by a healthcare insurer; and
(ii)
Any health benefit program receiving state or federal appropriations from the State of Arkansas, including the Arkansas Medicaid Program and the Arkansas Health and Opportunity for Me Program, or any successor program.
(B)
"Health benefit plan" includes:
(i)
Indemnity and managed care plans; and
(ii)
Nonfederal governmental plans as defined in
29 U.S.C. § 1002(32)
, as it existed on January 1, 2024.
(C)
"Health benefit plan" does not include:
(i)
A disability income plan;
(ii)
A credit insurance plan;
(iii)
Insurance coverage issued as a supplement to liability insurance;
(iv)
A medical payment under automobile or homeowners insurance plans;
(v)
A health benefit plan provided under Arkansas Constitution, Article 5, § 32, the Workers' Compensation Law, §
11-9-101
et seq., or the Public Employee Workers' Compensation Act, §
21-5-601
et seq.;
(vi)
A plan that provides only indemnity for hospital confinement;
(vii)
An accident-only plan;
(viii)
A long-term-care-only plan;
(ix)
A vision-only plan; or
(x)
A dental-only plan; and
(2)
"Healthcare insurer" means an entity subject to the insurance laws of this state or the jurisdiction of the Insurance Commissioner that contracts or offers to contract to provide health insurance coverage, including without limitation an insurance company, a health maintenance organization, a hospital medical service corporation, a self-insured governmental or church plan in this state, or the Arkansas Medicaid Program.
Added by Act 2023, No. 494,§ 2, eff. 8/1/2023.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 79 - INSURANCE POLICIES GENERALLY (§§ 23-79-101 — 23-79-2802) › Subchapter 28 - COVERAGE FOR SCREENING FOR BEHAVIORAL HEALTH CONDITIONS AND COVERAGE FOR BEHAVIORAL HEALTH SERVICES (§§ 23-79-2801 — 23-79-2802) › Section 23-79-2802 - Coverage for screening for behavioral health conditions and coverage for behavioral health services

(a)
A healthcare insurer that offers, issues, or renews a health benefit plan in this state shall provide coverage for screening for behavioral health conditions and coverage for behavioral health services provided in a:
(1)
Hospital outpatient clinic; or
(2)
Physician clinic.
(b)
The coverage for screening for behavioral health conditions or for behavioral health services as described in this section:
(1)
Is not subject to policy deductibles or copayment requirements; and
(2)
Does not diminish or limit benefits otherwise allowable under a health benefit plan.
(c)
The coverage for screening for behavioral health and coverage for behavioral health services by a government self-insured plan is subject to any health benefit plan provisions that apply to other services covered by the health benefit plan.
(d)
Screening for behavioral health conditions and behavioral health services provided as described in subsection (a) of this section may be provided via telemedicine and reimbursed as required under §
23-79-1601
et seq.
(e)
Any prior authorization required for screening for behavioral health conditions and behavioral health services provided in another setting shall apply to screening for behavioral health conditions and behavioral health services provided as described in subsection (a) of this section.
Added by Act 2023, No. 494,§ 2, eff. 8/1/2023.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 2 - LIFE AND ACCIDENT AND HEALTH INSURANCE POLICY LANGUAGE SIMPLIFICATION ACT (§§ 23-80-201 — 23-80-208) › Section 23-80-201 - Title

This subchapter may be cited as the "Life and Accident and Health Insurance Policy Language Simplification Act".
Acts 1979, No. 258, § 1; A.S.A. 1947, § 66-3251; Acts 2001, No. 1603, § 39.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 2 - LIFE AND ACCIDENT AND HEALTH INSURANCE POLICY LANGUAGE SIMPLIFICATION ACT (§§ 23-80-201 — 23-80-208) › Section 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, accident and health insurance, credit life insurance, and credit disability insurance delivered or issued for delivery in this state to facilitate ease of reading by insureds.
(b)
(1)
This subchapter is not intended to increase the risk assumed by insurance companies or other entities subject to this subchapter or to supersede their obligation to comply with the substance of other insurance legislation applicable to life, accident and health, credit life, or credit disability insurance policies or annuities.
(2)
This subchapter is not intended to impede flexibility and innovation in the development of policy forms or content or to lead to the standardization of policy forms or content.
Acts 1979, No. 258, § 2; A.S.A. 1947, § 66-3252; Acts 2001, No. 1603, § 40.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 2 - LIFE AND ACCIDENT AND HEALTH INSURANCE POLICY LANGUAGE SIMPLIFICATION ACT (§§ 23-80-201 — 23-80-208) › Section 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, fraternal benefit society, nonprofit health service corporation, nonprofit hospital service corporation, nonprofit medical service corporation, prepaid health plan, dental care plan, vision care plan, pharmaceutical plan, health maintenance organization, and all similar type organizations; and
(3)
"Policy" or "policy form" means any:
(A)
Policy, contract, plan, or agreement of life insurance and annuities or accident and health insurance, including credit life insurance and credit disability insurance, delivered or issued for delivery in this state by any company subject to this subchapter;
(B)
Certificate, contract, or policy issued by a fraternal benefit society;
(C)
Certificate issued pursuant to a group insurance policy delivered or issued for delivery in this state; and
(D)
Evidence of coverage issued by a health maintenance organization.
Acts 1979, No. 258, § 3; A.S.A. 1947, § 66-3253; Acts 2001, No. 1603, § 41.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 2 - LIFE AND ACCIDENT AND HEALTH INSURANCE POLICY LANGUAGE SIMPLIFICATION ACT (§§ 23-80-201 — 23-80-208) › Section 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 the forms must be approved under this subchapter.
(b)
However, nothing in this subchapter shall apply to:
(1)
Any policy which is a security subject to federal jurisdiction;
(2)
(A)
Any group policy covering a group of one thousand (1,000) or more lives at date of issue, other than a group credit life insurance policy or a group credit disability insurance policy.
(B)
However, this subdivision (b)(2) shall not exempt any certificate issued pursuant to a group policy delivered or issued for delivery in this state;
(3)
Any group annuity contract which serves as a funding vehicle for pension, profit-sharing, or deferred compensation plans;
(4)
Any form used in connection with, as a conversion from, as an addition to, or in exchange pursuant to a contractual provision for, a policy delivered or issued for delivery on a form approved or permitted to be issued prior to the dates the forms must be approved under this subchapter; or
(5)
The renewal of a policy delivered or issued for delivery prior to the dates the forms must be approved under this subchapter.
(c)
No other statute of this state setting language simplification standards shall apply to any policy forms.
(d)
Any non-English language policy delivered or issued for delivery in this state shall be deemed to be in compliance with §
23-80-206(a)(1)
if the insurer certifies that the policy is translated from an English language policy which does comply with §
23-80-206(a)(1)
.
Acts 1979, No. 258, § 4; A.S.A. 1947, § 66-3254.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 2 - LIFE AND ACCIDENT AND HEALTH INSURANCE POLICY LANGUAGE SIMPLIFICATION ACT (§§ 23-80-201 — 23-80-208) › Section 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 been on file for the time period specified.
Acts 1979, No. 258, § 6; A.S.A. 1947, § 66-3256.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 2 - LIFE AND ACCIDENT AND HEALTH INSURANCE POLICY LANGUAGE SIMPLIFICATION ACT (§§ 23-80-201 — 23-80-208) › Section 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 or she finds that a lower score:
(1)
Will provide a more accurate reflection of the readability of a policy form;
(2)
Is warranted by the nature of a particular policy form or type or class of policy forms; or
(3)
Is caused by certain policy language which is drafted to conform to the requirements of any state law, rule, or agency interpretation.
Amended by Act 2019, No. 315,§ 2723, eff. 7/24/2019.
Acts 1979, No. 258, § 7; A.S.A. 1947, § 66-3257.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 2 - LIFE AND ACCIDENT AND HEALTH INSURANCE POLICY LANGUAGE SIMPLIFICATION ACT (§§ 23-80-201 — 23-80-208) › Section 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 policies if the policy form provides the policyholders and claimants protection not less favorable than they would be entitled to under such laws.
Acts 1979, No. 258, § 8; A.S.A. 1947, § 66-3258.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 3 - PROPERTY AND CASUALTY INSURANCE POLICY SIMPLIFICATION ACT (§§ 23-80-301 — 23-80-308) › Section 23-80-301 - Title

This subchapter may be cited as the "Property and Casualty Insurance Policy Simplification Act".
Acts 1981, No. 517, § 1; A.S.A. 1947, § 66-5801.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 3 - PROPERTY AND CASUALTY INSURANCE POLICY SIMPLIFICATION ACT (§§ 23-80-301 — 23-80-308) › Section 23-80-302 - Purpose

(a)
The purpose of this subchapter is to establish minimum language and format standards to make property and casualty insurance policies easier to read.
(b)
This subchapter is not intended to increase the risk assumed under policies subject to it. Nor is it intended to impede flexibility and innovation in the development of policy forms or content. It does not grant authority to the Insurance Commissioner to mandate the standardization of policy forms or content.
Acts 1981, No. 517, § 2; A.S.A. 1947, § 66-5802.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 3 - PROPERTY AND CASUALTY INSURANCE POLICY SIMPLIFICATION ACT (§§ 23-80-301 — 23-80-308) › Section 23-80-303 - Definitions

As used in this subchapter:
(1)
"Casualty insurance" does not include accident and health insurance;
(2)
"Commissioner" means the Insurance Commissioner; and
(3)
"Policy" or "policy forms" means any written contract of property and casualty insurance delivered or issued for delivery in this state by or on behalf of any insurer licensed in this state.
Acts 1981, No. 517, § 3; A.S.A. 1947, § 66-5803; Acts 2001, No. 1603, § 42.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 3 - PROPERTY AND CASUALTY INSURANCE POLICY SIMPLIFICATION ACT (§§ 23-80-301 — 23-80-308) › Section 23-80-304 - Applicability

(a)
This subchapter shall apply to all policies with effective dates on or after the implementation date established for policies under §
23-80-306(b)
.
(b)
No other statute of this state setting simplification standards for language or format shall apply to any policy.
(c)
This subchapter shall not apply to policies in manuscript form or to the following kinds of insurance:
(1)
Ocean marine;
(2)
Surety and financial institution bonds;
(3)
Reinsurance; or
(4)
Commercial aviation.
(d)
Any non-English language policy shall be deemed in compliance with §
23-80-306(a)
if it was translated from an English language policy which complies with §
23-80-306(a)
.
Acts 1981, No. 517, § 4; A.S.A. 1947, § 66-5804.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 3 - PROPERTY AND CASUALTY INSURANCE POLICY SIMPLIFICATION ACT (§§ 23-80-301 — 23-80-308) › Section 23-80-305 - Powers of commissioner

(a)
After notice and hearing, the Insurance Commissioner may issue reasonable rules implementing §§
23-80-306
and
23-80-308
.
(b)
At the commissioner's sole discretion, he or she may extend any dates under this subchapter.
(c)
The commissioner shall have sole authority to enforce the provisions of this subchapter or seek remedies for its violation.
Amended by Act 2019, No. 315,§ 2724, eff. 7/24/2019.
Acts 1981, No. 517, § 8; A.S.A. 1947, § 66-5808.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 3 - PROPERTY AND CASUALTY INSURANCE POLICY SIMPLIFICATION ACT (§§ 23-80-301 — 23-80-308) › Section 23-80-306 - Minimum standards

(a)
All policies which, under subsection (b) of this section, must comply with this subsection shall be simplified, taking into consideration the following factors:
(1)
Use of simple sentence structure and short sentences;
(2)
Use of commonly understood words;
(3)
Avoidance of technical legal terms whenever possible;
(4)
Minimal reference to other sections or provisions of the policy;
(5)
Organization of text; and
(6)
Legibility.
(b)
(1)
(A)
In addition to any other requirements of law, the Insurance Commissioner shall by rule specify the dates by which personal lines policies shall comply with subsection (a) of this section.
(B)
The dates established by the commissioner for compliance shall not be less than eighteen (18) months nor more than thirty-six (36) months from the effective date of the rule.
(C)
"Personal lines policies" are policies:
(i)
Solely used to provide homeowners insurance, dwelling fire insurance on one (1) to four (4) family units, or individual fire insurance on dwelling contents; or
(ii)
Principally used to provide primary insurance on private passenger nonfleet automobiles individually owned and used for personal or family needs.
(2)
In addition to any other requirements of law, the commissioner may by rules specify which policies, other than those described in subdivision (b)(1) of this section, shall comply with subsection (a) of this section. The dates, if any, established by the commissioner for compliance may not be less than forty-eight (48) months from June 17, 1981, or twenty-four (24) months from the effective date of the rule establishing the dates, whichever is later.
Amended by Act 2019, No. 315,§ 2725, eff. 7/24/2019.
Acts 1981, No. 517, §§ 5, 6; A.S.A. 1947, §§ 66-5805, 66-5806.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 3 - PROPERTY AND CASUALTY INSURANCE POLICY SIMPLIFICATION ACT (§§ 23-80-301 — 23-80-308) › Section 23-80-307 - Compliance with other statutorily required language

(a)
The requirements of any other laws which specify the language or content of any policy may be met by a policy complying with §
23-80-306(a)
.
(b)
However, the policy must provide protection which, considered as a whole, is not less favorable to the insured than is required by the other laws.
Acts 1981, No. 517, § 9; A.S.A. 1947, § 66-5809.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 3 - PROPERTY AND CASUALTY INSURANCE POLICY SIMPLIFICATION ACT (§§ 23-80-301 — 23-80-308) › Section 23-80-308 - Compliance by provision of outline of coverage

An insurer may comply with §
23-80-306(a)
and §
23-80-306(b)(2)
for not more than twelve (12) months following the implementation date established by the Insurance Commissioner by providing to the policyholder an outline of coverage or a brochure instead of a simplified policy. The outline or brochure shall comply with §
23-80-306(a)
.
Acts 1981, No. 517, § 7; A.S.A. 1947, § 66-5807.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 4 - PRESCRIPTION DRUG PAPERWORK SIMPLIFICATION (§§ 23-80-401 — 23-80-409) › Section 23-80-401 - Purpose

It is the intent of the General Assembly to improve care to patients by minimizing confusion, eliminating unnecessary paperwork, decreasing administrative burdens, and streamlining dispensing of prescription products paid for by third-party payors. This subchapter shall be construed liberally to effectuate this purpose.
Acts 2001, No. 1409, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 4 - PRESCRIPTION DRUG PAPERWORK SIMPLIFICATION (§§ 23-80-401 — 23-80-409) › Section 23-80-402 - Definitions

As used in this subchapter:
(1)
"Commissioner" means the Insurance Commissioner;
(2)
"Covered person" means a person on whose behalf a health benefit plan is obligated to pay benefits pursuant to the health benefit plan; and
(3)
"Health benefit plan" means any individual, blanket, or group plan, policy, certificate, or contract for healthcare services issued or delivered in this state, including indemnity plans, managed care plans, plans provided or arranged by fraternal benefit societies, plans provided or arranged by health maintenance organizations, health governmental plans as defined in
29 U.S.C. § 1002(32)
, as in effect January 1, 2001, plans provided through a multiple employer welfare arrangement, or plans provided through another benefit arrangement, to the extent permitted by the Employee Retirement Income Security Act of 1974, as in effect January 1, 2001, or by any waiver of or other exception to that act provided under federal law or regulation, as in effect January 1, 2001.
Acts 2001, No. 1409, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 4 - PRESCRIPTION DRUG PAPERWORK SIMPLIFICATION (§§ 23-80-401 — 23-80-409) › Section 23-80-403 - Exemptions

This subchapter shall not apply to:
(1)
Accidental injury insurance plans;
(2)
Dental insurance plans;
(3)
Vision insurance plans;
(4)
Specified disease insurance plans;
(5)
Disability income plans;
(6)
Credit insurance plans;
(7)
Insurance coverage issued as a supplement to liability insurance;
(8)
Medical payments under automobile or homeowners insurance plans;
(9)
Health benefit plans provided pursuant to Arkansas Constitution, Article 5, § 32, the Workers' Compensation Law, §
11-9-101
et seq., and the Public Employee Workers' Compensation Act, §
21-5-601
et seq.;
(10)
Insurance under which benefits are payable with or without regard to fault and the benefits that are statutorily required to be contained in any liability policy or equivalent self-insurance; and
(11)
Plans that provide only indemnity for hospital confinement.
Acts 2001, No. 1409, § 3.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 4 - PRESCRIPTION DRUG PAPERWORK SIMPLIFICATION (§§ 23-80-401 — 23-80-409) › Section 23-80-404 - Uniform card requirement

(a)
Every health benefit plan that provides coverage for prescription drugs or devices and issues a card or other technology for claims processing and every administrator of such plans, including third-party administrators for self-insured plans, pharmacy benefit managers, and administrators of state plans, shall issue to all covered persons a uniform card or other technology containing uniform prescription drug information as required under this subchapter.
(b)
The uniform prescription drug information card or other technology shall:
(1)
(A)
Be in a format approved by the National Council for Prescription Drug Programs, in which case the card or other technology shall include all fields of information required by the council and conform to the most recent pharmacy information card or other technology implementation guide produced by the council.
(B)
In the alternative, the card or other technology shall conform to a national format established in an administrative rule by the Insurance Commissioner;
(2)
Include in a clear, readable, and understandable manner all information, exclusive of information provided on the prescription as required by law or regulation, that is necessary to process a claim for prescription drug benefits under the health benefit plan;
(3)
Format and arrange all information on the card or other technology in a manner that corresponds both in content and format to the content and format required by the health benefit plan to process the claim for prescription drug benefits;
(4)
Conform all information on the card or other technology not specified by the council to a content and format established in an administrative rule by the commissioner; and
(5)
If the health benefit plan requires a conditional or situational field as defined by the council, conform the conditional or situational field to the most recent pharmacy information card or other technology implementation guide produced by the council or to a national format established in an administrative rule by the commissioner.
Acts 2001, No. 1409, § 4; 2003, No. 1473, § 54.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 4 - PRESCRIPTION DRUG PAPERWORK SIMPLIFICATION (§§ 23-80-401 — 23-80-409) › Section 23-80-405 - Enrollment

(a)
Upon enrollment of a covered person, a health benefit plan shall issue a uniform prescription drug information card or other technology in accordance with the requirements of §
23-80-404
.
(b)
Upon any change in a covered person's coverage that impacts in content or format any information contained on a uniform prescription drug information card or other technology, a health benefit plan shall issue new uniform prescription drug information cards or other technology to all covered persons in accordance with the requirements of §
23-80-404
.
(c)
(1)
A newly issued uniform prescription drug information card or other technology shall be updated with the latest coverage information and shall conform to the standards of the National Council for Prescription Drug Programs then in effect, and to the implementation guide then in use, or a national format established in an administrative rule by the Insurance Commissioner.
(2)
However, a health benefit plan may issue stickers to covered persons to update cards as may be established in an administrative rule by the commissioner.
Acts 2001, No. 1409, § 5.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 4 - PRESCRIPTION DRUG PAPERWORK SIMPLIFICATION (§§ 23-80-401 — 23-80-409) › Section 23-80-406 - Required fields

(a)
This subchapter does not require a health benefit plan that provides coverage for prescription drugs or devices to issue a card or other technology separate from any identification card issued to a covered person to evidence coverage under the health benefit plan, if the card or other technology contains all of the required fields of information established by the National Council for Prescription Drug Programs, as in effect January 1, 2001, that are necessary to process a claim for prescription drug benefits under the health benefit plan.
(b)
The required fields of information shall be included on the card in a substantially similar format to that established by the council, as in effect January 1, 2001, and shall be printed in a clear, readable, and understandable manner.
Acts 2001, No. 1409, § 6.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 4 - PRESCRIPTION DRUG PAPERWORK SIMPLIFICATION (§§ 23-80-401 — 23-80-409) › Section 23-80-407 - Compliance date

All prescription drug information cards or other technologies, including dual-use identification cards described in §
23-80-406
, that are executed, delivered, issued, modified, extended, or renewed by a health benefit plan shall comply with the requirements of this subchapter.
Acts 2001, No. 1409, § 7.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 4 - PRESCRIPTION DRUG PAPERWORK SIMPLIFICATION (§§ 23-80-401 — 23-80-409) › Section 23-80-408 - Scope of authority

The Insurance Commissioner shall have all the powers to enforce this subchapter that are granted to the commissioner elsewhere in the Arkansas Insurance Code.
Acts 2001, No. 1409, § 8.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 80 - INSURANCE POLICIES - SIMPLIFICATION (§§ 23-80-201 — 23-80-409) › Subchapter 4 - PRESCRIPTION DRUG PAPERWORK SIMPLIFICATION (§§ 23-80-401 — 23-80-409) › Section 23-80-409 - Enabling clause

The Insurance Commissioner shall promulgate rules necessary to implement this subchapter and shall look for guidance to the standards and implementation guides produced by the National Council for Prescription Drug Programs.
Amended by Act 2019, No. 315,§ 2726, eff. 7/24/2019.
Acts 2001, No. 1409, § 9.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 81 - LIFE INSURANCE POLICIES AND ANNUITIES (§§ 23-81-101 — 23-81-905) › Subchapter 1 - GENERAL PROVISIONS (§§ 23-81-101 — 23-81-137) › Section 23-81-101 - Title required

There shall be a title on the policy briefly describing it.
Acts 1959, No. 148, § 322; A.S.A. 1947, § 66-3313.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 81 - LIFE INSURANCE POLICIES AND ANNUITIES (§§ 23-81-101 — 23-81-905) › Subchapter 1 - GENERAL PROVISIONS (§§ 23-81-101 — 23-81-137) › Section 23-81-102 - Scope

(a)
This section, §§
23-81-101
,
23-81-103
-
23-81-117
,
23-81-120
-
23-81-136
, and the Standard Nonforfeiture Law for Life Insurance, §
23-81-201
et seq., apply to contracts of life insurance and annuities, other than reinsurance, group life insurance, group annuities, and industrial life insurance.
(b)
However, the following statutes shall also apply to industrial life insurance:
(1)
Section
23-81-114
, excluded or restricted coverage;
(2)
Section
23-81-115
, limitation of liability;
(3)
Section
23-81-129
, incontestability after reinstatement;
(4)
Section
23-81-120
, prohibited policy plans; and
(5)
The Standard Nonforfeiture Law for Life Insurance, §
23-81-201
et seq.
Acts 1959, No. 148, § 310; A.S.A. 1947, § 66-3301.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 81 - LIFE INSURANCE POLICIES AND ANNUITIES (§§ 23-81-101 — 23-81-905) › Subchapter 1 - GENERAL PROVISIONS (§§ 23-81-101 — 23-81-137) › Section 23-81-103 - Life insurance - Standard provisions required

(a)
No policy of life insurance, other than credit life, industrial, group, and pure endowments with or without return of premiums or of premiums and interest, shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions required by §§
23-81-101
and
23-81-104
-
23-81-112
.
(b)
This section shall not apply to annuity contracts nor to any provision of a life insurance policy, or contract supplemental thereto, relating to disability benefits or to additional benefits in the event of death by accident or accidental means.
(c)
Any of the provisions or portions thereof not applicable to single premium or term policies shall to that extent not be incorporated therein.
Acts 1959, No. 148, § 311; A.S.A. 1947, § 66-3302.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 81 - LIFE INSURANCE POLICIES AND ANNUITIES (§§ 23-81-101 — 23-81-905) › Subchapter 1 - GENERAL PROVISIONS (§§ 23-81-101 — 23-81-137) › Section 23-81-104 - Life insurance - Grace period provision

(a)
There shall be a provision that a grace period of thirty (30) days, or, at the option of the insurer, of one (1) month of not less than thirty (30) days, shall be allowed within which the payment of any premium after the first may be made, during which period of grace the policy shall continue in full force.
(b)
However, if a claim arises under the policy during that period of grace, the amount of any premium due or overdue may be deducted from the policy proceeds.
Acts 1959, No. 148, § 312; A.S.A. 1947, § 66-3303.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 81 - LIFE INSURANCE POLICIES AND ANNUITIES (§§ 23-81-101 — 23-81-905) › Subchapter 1 - GENERAL PROVISIONS (§§ 23-81-101 — 23-81-137) › Section 23-81-105 - Life insurance - Incontestability provision

There shall be a provision that, except for fraud in the procurement, the policy, exclusive of provisions relating to disability benefits or to additional benefits in the event of death by accident or accidental means, shall be incontestable, except for nonpayment of premiums, after it has been in force during the lifetime of the insured for a period of two (2) years from its date of issue. However, at its option, the insurer may omit from the provision the phrase "except for fraud in the procurement".
Acts 1959, No. 148, § 313; A.S.A. 1947, § 66-3304; Acts 2001, No. 1382, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 81 - LIFE INSURANCE POLICIES AND ANNUITIES (§§ 23-81-101 — 23-81-905) › Subchapter 1 - GENERAL PROVISIONS (§§ 23-81-101 — 23-81-137) › Section 23-81-106 - Life insurance - Integrity of contract and alteration of contract provisions

(a)
There shall be a provision that the policy, or the policy and the application therefor if a copy of the application is endorsed upon or attached to the policy when issued, shall constitute the entire contract between the parties and that all statements contained in the application, in the absence of fraud, shall be deemed representations and not warranties.
(b)
At the option of the insurer, there shall be a provision that no agent shall have the power or authority to waive, change, or alter any of the terms or conditions of any policy, except that at the option of the insurer the terms or conditions may be changed by an endorsement or rider signed by an authorized officer of the insurer.
Acts 1959, No. 148, § 314; A.S.A. 1947, § 66-3305.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 81 - LIFE INSURANCE POLICIES AND ANNUITIES (§§ 23-81-101 — 23-81-905) › Subchapter 1 - GENERAL PROVISIONS (§§ 23-81-101 — 23-81-137) › Section 23-81-107 - Life insurance - Misstatement of age provision

(a)
There shall be a provision that if the age of the insured or of any other person whose age is considered in determining the premium has been misstated, any amount payable or benefit accruing under the policy shall be such as the premium would have purchased at the correct age.
(b)
As to overstatement of age, the policy may provide, in lieu of the provisions required under subsection (a) of this section, that the insurer will refund any excess of premium collected for the amount of insurance or benefit stated in the policy, as based upon the correct age.
Acts 1959, No. 148, § 315; A.S.A. 1947, § 66-3306.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 81 - LIFE INSURANCE POLICIES AND ANNUITIES (§§ 23-81-101 — 23-81-905) › Subchapter 1 - GENERAL PROVISIONS (§§ 23-81-101 — 23-81-137) › Section 23-81-108 - Life insurance - Dividend provision

(a)
There shall be a provision in participating policies that, beginning not later than the end of the third policy year, the insurer shall annually ascertain and apportion the divisible surplus, if any, that will accrue on the policy anniversary or other dividend date specified in the policy, provided that the policy is in force and all premiums to that date are paid. Except as provided in this section, any dividend becoming payable shall, at the option of the party entitled to elect such an option, be either:
(1)
Payable in cash; or
(2)
(A)
Applied to any one (1) of such other dividend options as may be provided by the policy.
(B)
If other dividend options are provided, the policy shall further state which option shall be automatically effective if the party has not elected some other option.
(C)
If the policy specified a period within which the other dividend option may be elected, the period shall be not less than thirty (30) days following the date on which the dividend is due and payable.
(D)
The annually apportioned dividend shall be deemed to be payable in cash within the meaning of subdivision (a)(1) of this section, even though the policy provides that payment of the dividend is to be deferred for a specified period, provided that the period does not exceed six (6) years from the date of apportionment and that, if so provided in the policy, interest will be added to the dividend at a specified rate.
(E)
If a participating policy provides that the benefit under any paid-up nonforfeiture provision is to be participating, it may provide that any divisible surplus becoming payable or apportioned while the insurance is in force under a nonforfeiture provision shall be applied in the manner set forth in the policy.
(b)
"Divisible surplus" as used in subsection (a) of this section, subject, in the case of domestic insurers, to §
23-69-126
, means that part of the insurer's total surplus which is determined by the insurer's board of directors to be available for distribution to policyholders. The matters set forth in this subsection need not be contained in the policy.
Acts 1959, No. 148, § 316; A.S.A. 1947, § 66-3307.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 81 - LIFE INSURANCE POLICIES AND ANNUITIES (§§ 23-81-101 — 23-81-905) › Subchapter 1 - GENERAL PROVISIONS (§§ 23-81-101 — 23-81-137) › Section 23-81-110 - Life insurance - Table of installments provision

In case the policy provides that the proceeds may be payable in installments which are determinable at issue of the policy, there shall be a table showing the amounts of the guaranteed installments per stated unit.
Acts 1959, No. 148, § 318; A.S.A. 1947, § 66-3309.