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 considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 81 - Life Insurance Policies And Annuities
Subchapter 3 - Standard Nonforfeiture Law For Individual Deferred Annuities
§ 23-81-303. Nonforfeiture requirements
§ 23-81-305. Computation of present value
§ 23-81-306. Calculation of cash surrender values
§ 23-81-307. Calculation of paid-up annuity benefits
§ 23-81-309. Disclosure of limited death benefits
§ 23-81-310. Inclusion of lapse-of-time considerations