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Eighth Circuit Holds Arkansas Law Banning Discretionary Clauses Does Not Apply to Disability Insurance Policy Renewed Prior to Law's Effective Date
Roberts Disability LawLink to more items from this source
Apr. 5, 2021

"[T]he Eighth Circuit found that Ark. Code R. Section 054.00.101-4 ('Rule 101'), which prohibits discretionary clauses in insurance contracts issued or renewed on and after March 1, 2013, does not void the discretionary policy in this case. The policy was issued on January 1, 2011 and it lists a single renewal date of January 1, 2012." [Roebuck v. USAble Life, No. 19-1855 (8th Cir. Apr. 1, 2021)]

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