Ark. Code § 23-83-121
Current with legislation from 2024 Fiscal and Special Sessions.
In the case of a policy insuring the lives of debtors, a provision that the insurer will furnish to the policyholder for delivery to each debtor insured under the policy a certificate of insurance describing the coverage and specifying that the death benefit shall first be applied to reduce or extinguish the indebtedness shall be included.
Ark. Code § 23-83-121