§ 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, or accident and health insurance placed with an unauthorized insurer in violation of § 23-83-123 shall be deemed to be the agent of the insurer for the purpose of service of […]
§ 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 of all or any part of his or her rights or incidents of ownership under the policy.
§ 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 made before or after June 17, 1981, shall vest in the assignee all of such rights or incidents of ownership so assigned in accordance with any provisions of the assignment as […]
§ 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 — 23-83-106 shall be subject to the following requirements: (1) No group policy or certificate shall be delivered in this state unless the Insurance Commissioner finds that: (A) The issuance 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 placed by the employer with an insurer authorized to transact insurance in this state. (b) This section shall not apply to group insurance lawfully placed in an authorized insurer as a […]
§ 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 against loss due to the death of their spouses and dependent children or any classes thereof, subject to the following: (1) (A) The premium for the insurance shall be paid either […]
§ 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 the Insurance Commissioner are more favorable to the persons insured, or at least as favorable to the persons insured and more favorable to the policyholder. (b) However: (1) Provisions in §§ […]
§ 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) days for the payment of any premium due except the first, during which grace period the death benefit coverage shall continue in force unless the policyholder shall have given the insurer […]
§ 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 or nonpayment of premiums after it has been in force for two (2) years from its date of issue, and that no statement made by any person insured under the policy […]
§ 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 when issued, that all statements made by the policyholder or by the persons insured shall be deemed representations and not warranties, and that no statement made by any person insured shall […]