Arkansas Code
Chapter 83 - Group Life Insurance And Annuities
§ 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 the group policy is not contrary to the best interest of the public;
(B) The issuance of the group policy would be actuarially sound;
(C) The issuance of the group policy would result in economies of acquisition or administration; and
(D) The benefits are reasonable in relation to the premiums charged;

(2) The premium for the policy shall be paid either from the policyholder's funds or from funds contributed by the covered persons, or from both;
(3) The commissioner may issue rules implementing the requirements of subdivision (1) of this section; and
(4) An insurer may exclude or limit the coverage on any person as to whom evidence of individual insurability is not satisfactory to the insurer.

Structure Arkansas Code

Arkansas Code

Title 23 - Public Utilities and Regulated Industries

Subtitle 3 - Insurance

Chapter 83 - Group Life Insurance And Annuities

§ 23-83-101. Group contracts must meet group requirements

§ 23-83-102. Employee groups

§ 23-83-103. Labor union groups

§ 23-83-104. Trustee groups

§ 23-83-105. Debtor groups and credit union groups

§ 23-83-106. Association groups

§ 23-83-107. Restrictions on coverage of other groups

§ 23-83-108. Restrictions on coverage of spouse and dependent children of group member

§ 23-83-109. Provisions required in policy

§ 23-83-110. Grace period for payment of premium provision

§ 23-83-111. Incontestability provision

§ 23-83-112. Application attached to policy provision — Statements deemed representations

§ 23-83-113. Insurability provision

§ 23-83-114. Misstatement of age provision

§ 23-83-115. Payment of benefits provision

§ 23-83-116. Issuance of certificate to policyholder provision

§ 23-83-117. Conversion on termination of eligibility provision

§ 23-83-118. Conversion on termination of policy provision

§ 23-83-119. Death pending conversion provision

§ 23-83-120. Continuation of coverage during insured's total disability provision

§ 23-83-121. Delivery of certificate of insurance to insured debtors provision

§ 23-83-122. Notice as to conversion right

§ 23-83-123. Group insurance on Arkansas residents placed in authorized insurers

§ 23-83-124. Group insurance in unauthorized insurer

§ 23-83-125. Assignment of rights or incidents of ownership

§ 23-83-126. Assignment of rights not to prejudice insurer