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.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 82 - Industrial Life Insurance
§ 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