Arkansas statutes2024 - Study guides, Class notes & Summaries
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Arkansas Statutes, Rules, and Regulations Pertinent to Life Insurance 100% Accurate!!
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Creditor - ANSWER Lender of funds 
 
Debtor - ANSWER Borrower of funds 
 
Endowment Contract - ANSWER Type of whole life policy that matures early (before insured's age 100) 
 
Industrial Life Policy - ANSWER A life insurance policy written with the face amount of no more than $1,000 
 
Integrity of Contract - ANSWER States that the policy and the application constitute the entire contract between the parties, and all statements in the applications are considered representations, and not warran...
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