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054.00.30-3. Definitions

AR ADC 054.00.30-3Arkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 30. Funeral Expense Insurance
Ark. Admin. Code 054.00.30-3
054.00.30-3. Definitions
Currentness
A. Funeral Expense Insurance
Funeral expense insurance is that form of life insurance as defined in Ark. Code Ann. ยง 23-62-102 which provides benefits for expenses incurred in connection with the death of the insured and which does not exceed $15,000.00; and which term includes deferred annuities which do not exceed total premiums of $15,000.00 for the same purposes, excluding variable annuities.
B. Insurer
Insurer as used in this Rule is any authorized life insurer, fraternal benefit society, stipulated premium insurer or mutual assessment life insurer.

Credits

Amended Jan. 6, 2012.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.30-3, AR ADC 054.00.30-3
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