Shown verbatim: the complete text as captured from the official PDF posted by the Arkansas General Assembly, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas As Engrossed: H4/10/25
2 95th General Assembly
A Bill
3 Regular Session, 2025 SENATE BILL 519
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5 By: Senator J. Boyd
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8 For An Act To Be Entitled
9 AN ACT TO AMEND THE STANDARD NONFORFEITURE LAW FOR
10 LIFE INSURANCE; TO REGULATE THE PAYMENT OF INTEREST
11 ON DEFERRED PAYMENT OF ANY CASH SURRENDER VALUE
12 ACCORDING TO THE TERMS OF THE POLICY; AND FOR OTHER
13 PURPOSES.
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16 Subtitle
17 TO AMEND THE STANDARD NONFORFEITURE LAW
18 FOR LIFE INSURANCE; AND TO REGULATE THE
19 PAYMENT OF INTEREST ON DEFERRED PAYMENT
20 OF ANY CASH SURRENDER VALUE ACCORDING TO
21 THE TERMS OF THE POLICY.
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23 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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25 SECTION 1. Arkansas Code � 23-81-203(c), concerning the right of an
26 insurer to defer the payment of any cash surrender value Standard
27 Nonforfeiture Law for Life Insurance, is amended to read as follows:
28 (c) The On and after January 1, 2026, the insurer shall reserve the
29 right to defer the payment of any cash surrender value for a period of six
30 (6) months after demand therefor with surrender of the policy according to
31 the terms of the policy, subject to the following:
32 (1) The policy death benefit shall remain in force until payment
33 is made; and
34 (2) If payment is not made within forty-five (45) days after
35 demand is made for the surrender of the policy, in addition to the cash
36 surrender value, the insurer shall pay interest on the cash surrender at the
*ANS414* 04-10-2025 13:52:50 ANS414
As Engrossed: H4/10/25 SB519
1 rate specified under � 23-81-118 and accruing from the date of surrender
2 until the cash surrender value is paid in full within the six-month period.
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4 /s/J. Boyd
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2 04-10-2025 13:52:50 ANS414Every fact on this page links to its source, starting with the official bill record.