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054.00.101-4. Discretionary Clauses Prohibited

AR ADC 054.00.101-4Arkansas 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 054.00.101-4
054.00.101-4. Discretionary Clauses Prohibited
Currentness
A. No policy, contract, certificate or agreement offered or issued in this State providing for disability income protection coverage may contain a provision purporting to reserve discretion to the insurer to interpret the terms of the contract, or to provide standards of interpretation or review that are inconsistent with the laws of this State.

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 054.00.101-4, AR ADC 054.00.101-4
End of Document