Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 3 - Insurance > Chapter 79 - Insurance Policies Generally > Subchapter 1 - General Provisions > § 23-79-108 - Return of premium to rejected applicant.

§ 23-79-108 - Return of premium to rejected applicant.

23-79-108. Return of premium to rejected applicant.

After an insurer rejects or declines to issue a life or accident and health insurance policy, the insurer shall return the premium to the applicant within a reasonable period of time.