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ARKANSAS STATUTES AND CODES

§ 23-81-117 - Life insurance -- Indebtedness deducted from proceeds.

23-81-117. Life insurance -- Indebtedness deducted from proceeds.

In determining the amount due under any life insurance policy issued, deduction may be made of:

(1) Any unpaid premiums or installments thereof for the current policy year due under the terms of the policy; and

(2) The amount of principal and accrued interest of any policy loan or other indebtedness against the policy then remaining unpaid.

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