|

Arkansas Life Insurance: What you need to know

Employers have no obligation under Arkansas law to offer life insurance to their employees. However, if group life insurance is among the benefits offered to workers, certain minimum requirements must be satisfied (AR Code Sec. 23-83-101 et seq.).
For a Limited Time receive a FREE HR Report on the "Critical HR Recordkeeping”.  This exclusive special report covers hiring records, employment relationships, termination records, litigation issues, electronic information issues, tips for better recordkeeping, and a list of legal requirements.  Download Now
Group characteristics. The employees eligible for coverage must include all the employer's employees or all of a specific class of employees. Employees eligible for coverage may include employees of subsidiary corporations and the employees, individual proprietors, and partners of affiliated corporations, proprietorships, or partnerships that are under common control. Covered employees may also include the individual proprietor or partners if the employer is an individual proprietorship or partnership, retired employees, and directors of a corporate employer. An insurer may exclude or limit coverage of any employee who does not satisfy the insurer's requirement for individual insurability.
Beneficiary. The employee may name anyone except the employer as beneficiary.
Employer/employee contributions. Employers are not required to contribute toward the cost of group insurance. If the employer pays the entire cost, all employees in the eligible class, except those that decline in writing, must be covered by the policy. The insurer may also exclude or limit coverage of any person who does not satisfy the insurer's requirement for individual insurability.
Family coverage. Group coverage may be extended to an employee's spouse and dependent children. The employer may, but is not required to, contribute toward this coverage. If the employer pays the entire cost, all spouses and dependent children of employees in the eligible class must be covered by the ...

>> Read more about Life Insurance

More on this topic:

State Requirements

National | Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | District of Columbia | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming |

Arkansas Life Insurance Resources

There are currently no resources for this topic/state.

Life Insurance Products

Encyclopedia of Employee Handbooks
This practical tool gives you everything you need to create a customized employee handbook for your company. Includes tips on how to select your format, style and topics, how to prepare your handbook, and samples of employee handbooks and HR policies being used in actual companies. "
Healthcare Reform Webinar Recording
BLR Webinar: "Healthcare Reform: What the New Legislation Means for Employers; Get Prepared Now""
Safety Culture Webinar Recording
BLR Webinar: "Safety Culture: How To Assess – and Improve – Your Organization’s Safety Policies and Practices""
Global Rewards Webinar Recording
BLR Webinar: "Global Rewards: Practical Approaches to Successful Multinational Rewards Strategies""
Employee Benefits Webinar Recording
BLR Webinar: "Employee Benefits: How to Explain Your Offerings to Employees and Convey a Strong Sense of Value""
Free Special Reports
Get Your FREE HR Management Special Report. Download Any One Of These FREE Special Reports, Instantly!
Featured Special Report
Claim Your Free Copy of Critical HR Recordkeeping

Record retention is complex and time consuming. However, in addition to complying with various federal and state laws, keeping good, well-organized records can be very helpful in documenting and supporting an organization’s employment actions.
Download Now!


This special report will discuss how you can ensure your records are in good order, and establish a record-retention policy.

Topics covered:
1. Hiring Records
2. Employment Relationships
3. Termination Records
4. Litigation Issues
5. Electronic Information Issues
6. Tips for Better Recordkeeping
7. A List of Legal Requirements

Make sure you have the information you need to know to keep your records in order.