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    • Legislation USA
    • Arkansas Code
    • Title 23 - Public Utilities and Regulated Industries
    • Subtitle 3 - Insurance
    • Chapter 82 - Industrial Life Insurance
    • § 23-82-109. Dividend provision

    Arkansas Code
    Chapter 82 - Industrial Life Insurance
    § 23-82-109. Dividend provision

    (a) If the industrial life insurance policy is a participating policy, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the policy. However, at the option of the insurer, the participation may be deferred to the end of the fifth policy year.
    (b) This provision shall not prohibit the payment of additional dividends on default of payment of premiums or termination of the policy.

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    Structure Arkansas Code

    Arkansas Code

    Title 23 - Public Utilities and Regulated Industries

    Subtitle 3 - Insurance

    Chapter 82 - Industrial Life Insurance

    § 23-82-101. Definition

    § 23-82-102. Scope

    § 23-82-103. Application to term and specified insurance

    § 23-82-104. Policies prohibited

    § 23-82-105. Grace period provision

    § 23-82-106. Integrity of contract and application provision

    § 23-82-107. Incontestability provision

    § 23-82-108. Misstatement of age provision

    § 23-82-109. Dividend provision

    § 23-82-110. Nonforfeiture benefits and cash surrender value provisions

    § 23-82-111. Reinstatement provision

    § 23-82-112. Settlement provision

    § 23-82-113. Authority to alter contract provision

    § 23-82-114. Designation of beneficiary — Payment upon insured's death

    § 23-82-115. Direct payment of premiums provision

    § 23-82-116. Conversion provision

    § 23-82-117. Title required

    § 23-82-118. Prohibited provisions

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