(a) If any individual insured under a group policy, excluding an annuity policy, hereafter delivered in this state becomes entitled under the terms of the policy to have an individual policy of life insurance issued to him or her without evidence of insurability, subject to making of application and payment of the first premium by the individual within the period specified in the policy and if the individual is not given notice of the existence of the right at least fifteen (15) days prior to the expiration date of the period, then the individual shall have an additional period within which to exercise that right. Nothing in this subsection shall be construed to continue any insurance beyond the period provided in the policy.
(b) Written notice presented to the individual or mailed by the policyholder to the last known address of the individual or mailed by the insurer to the last known address of the individual as furnished by the policyholder shall constitute notice for the purpose of this section.
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