Arkansas Code
Chapter 83 - Group Life Insurance And Annuities
§ 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 §§ 23-83-115 — 23-83-119 shall not apply to policies insuring the lives of debtors;
(2) The standard provisions required for individual policies shall not apply to group policies; and
(3) If the group policy is an annuity policy or is a life insurance policy on a plan of insurance other than the term plan, it shall contain a nonforfeiture provision which in the opinion of the commissioner is equitable to the insured persons and to the policyholder, but nothing in this subdivision (b)(3) shall be construed to require that group policies contain the same nonforfeiture provisions as are required for individual policies.

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