{"data":{"id":"us-ar/ark.-code-ann.-23-84-111","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-84-111","heading":"Calculation of reserves - Future premium determinations by life insurers","body":"(a) In the case of any plan of life insurance which provides for future premium determination, the amounts of which are to be determined by the insurer based on then-estimates of future experience, or in the case of any plan of life insurance or annuity which is of such a nature that the minimum reserves cannot be determined by the methods described in §§ 23-84-106 , 23-84-107 , and 23-84-110 , the reserves which are held under any such plan must be: (1) Appropriate in relation to the benefits and the pattern of premiums for that plan; and (2) Computed by a method which is consistent with the principles of this chapter, as determined by rules promulgated by the Insurance Commissioner. (b) Notwithstanding any other provisions in the law of this state, any policy, contract, or certificate providing life insurance under any plan must be affirmatively approved by the commissioner before it can be marketed, issued, delivered, or used in this state. Amended by Act 2019, No. 315,§ 2737, eff. 7/24/2019. Acts 1959, No. 148, § 92; 1981, No. 535, § 1; A.S.A. 1947, § 66-2511.\n\n(a) In the case of any plan of life insurance which provides for future premium determination, the amounts of which are to be determined by the insurer based on then-estimates of future experience, or in the case of any plan of life insurance or annuity which is of such a nature that the minimum reserves cannot be determined by the methods described in §§ 23-84-106 , 23-84-107 , and 23-84-110 , the reserves which are held under any such plan must be: (1) Appropriate in relation to the benefits and the pattern of premiums for that plan; and (2) Computed by a method which is consistent with the principles of this chapter, as determined by rules promulgated by the Insurance Commissioner.\n\n(1) Appropriate in relation to the benefits and the pattern of premiums for that plan; and\n\n(2) Computed by a method which is consistent with the principles of this chapter, as determined by rules promulgated by the Insurance Commissioner.\n\n(b) Notwithstanding any other provisions in the law of this state, any policy, contract, or certificate providing life insurance under any plan must be affirmatively approved by the commissioner before it can be marketed, issued, delivered, or used in this state.","path":["AR Code","Title 23","Chapter 84"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-17","retrieved_at":"2026-09-17T21:35:43Z","sha256":"da4e20a967ca0fc49a29fa01c984ff1c44ed8210e5ef52715171b23ca2a7eabe","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-84-110","next":"us-ar/ark.-code-ann.-23-84-112","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ar","title":"Arkansas Release 78 supplement","text":"Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows.","url":"https://archive.org/details/gov.ar.code"}]},"notice":"GroundRules: Original legal text. Not legal advice."}