Excluding an annuity policy, a group policy shall contain a provision that if a person insured under the group policy, or the insured dependent of a covered person, dies during the period within which the individual would have been entitled to have an individual policy issued to him or her in accordance with §§ 23-83-117 and 23-83-118 and before the individual policy shall have become effective, the amount of life insurance which he or she would have been entitled to have issued to him or her under the individual policy shall be payable as a claim under the group policy, whether or not application for the individual policy or the payment of the first premium therefor has been made.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 83 - Group Life Insurance And Annuities
§ 23-83-101. Group contracts must meet group requirements
§ 23-83-103. Labor union 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