Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 3 - Insurance > Chapter 81 - Life Insurance Policies And Annuities > Subchapter 3 - Standard Nonforfeiture Law For Individual Deferred Annuities > § 23-81-310 - Inclusion of lapse-of-time considerations.

§ 23-81-310 - Inclusion of lapse-of-time considerations.

23-81-310. Inclusion of lapse-of-time considerations.

Any paid-up annuity, cash surrender, or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.