Policies — Liability
Applied in 1 court decision — leading case Guaranty National Insurance v. Denver Roller, Inc. (1993)
Most recently applied in Guaranty National Insurance v. Denver Roller, Inc. (May 1993)
Acts 1959, No. 148, § 548; A.S.A. 1947, § 66-4409.
(1) Every policy issued by a stipulated premium plan insurer in this state shall specify the sum of money which it promises to pay upon each contingency insured against and the time of payment after satisfactory proof of the happening of the contingency.
(2) Unless the contract has been voided by fraud or breach of its conditions and warranties, the insurer shall be obligated to the insured for payment at the times specified of the amount due under the policy.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.