Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-83-109. Required provisions

(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.