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054.00.101-2. Purpose

AR ADC 054.00.101-2Arkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 101. Prohibition on the Use of Discretionary Clauses in Disability Income Policies
Ark. Admin. Code 054.00.101-2
054.00.101-2. Purpose
Currentness
The purpose of this Rule is to prohibit conflicts of interest which may arise when an insurer responsible for providing disability income benefits has discretionary authority to decide what benefits are due. Nothing in this Rule shall be construed as imposing any requirement or duty on any person other than an insurer that offers disability income protection coverage.

Credits

Adopted Jan. 19, 2013.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.101-2, AR ADC 054.00.101-2
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