# AR Insurance Bulletin 1-87: Policy Loan Interest Rates > Arkansas · Agency guidance · In force URL: https://www.frixlaw.com/law-library/statutes/AR_INS_B_1987-01 ## Section - **Citation:** AR Insurance Bulletin 1-87 - **Heading:** Policy Loan Interest Rates - **Jurisdiction:** Arkansas - **Kind:** Agency guidance - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Arkansas Insurance Department Bulletins and Directives / Policy Loan Interest Rates ## Text ARKANSAS INSURANCE DEPARTMENT LEGAL DIVISION 1200 West Third Street Little Rock, AR 72201-1904 501-371-2820 FAX 501-371-2629 Bulletin 1-87 POLICY LOAN INTEREST RATES January 2, 1987 At my request, the Arkansas Attorney General has issued an Opinion on policy loan interest rates, pursuant to the Arkansas usury provision, Amendment 60 to the Arkansas Constitution, and Ark. Stat. Ann. § 66-3308. In summary, the Opinion states that for policies issued after December 2, 1982 it is permissible at contract issuance to allow the parties to the contract to agree that the applicable Constitutional usury limit under Amendment 60 is to be determined as of the date of policy issuance, rather than as of the date the policy loan application is made. Policies issued prior to June 17, 1981 would continue to governed by the terms of those policies. Policies issued after June 17, 1981 and prior to December 2, 1982, are subject to a 10% limit in the event a floating rate under Section 66-3308 is specified in the policy. If you wish to obtain a copy of Attorney General’s Opinion No. 86-103’, please send a self-addressed stamped envelope to the Legal Division with your request. Please be advised that the Opinion is advisory, and you should seek the advice of counsel before relying upon its conclusions. Robert M. Eubanks, III INSURANCE COMMISSIONER ## Nearby sections - [AR Insurance Bulletin 1-83 Mortgage Guaranty Insurance: Commitment Fees](https://www.frixlaw.com/law-library/statutes/AR_INS_B_1983-01.md) - [AR Insurance Bulletin 1-84 Act 357 Of 1983](https://www.frixlaw.com/law-library/statutes/AR_INS_B_1984-01.md) - [AR Insurance Bulletin 1-87 Policy Loan Interest Rates](https://www.frixlaw.com/law-library/statutes/AR_INS_B_1987-01.md) - [AR Insurance Bulletin 1-95 WC Employers Paying Claims Directly -- SEE 1-95 AMENDMENT ABOVE DATED AUGUST 4, 2011](https://www.frixlaw.com/law-library/statutes/AR_INS_B_1995-01.md) - [AR Insurance Bulletin 1-96 Personal Lines Loss Settlements](https://www.frixlaw.com/law-library/statutes/AR_INS_B_1996-01.md) - [AR Insurance Bulletin 1-98 Required Reports](https://www.frixlaw.com/law-library/statutes/AR_INS_B_1998-01.md) - [AR Insurance Bulletin 1-2001 JOINT BULLETIN-Sales of Securities Products by Insurance Agents](https://www.frixlaw.com/law-library/statutes/AR_INS_B_2001-01.md) - [AR Insurance Bulletin 1-2002 Voluntary Expedited Filing Procedures For Exclusions Related To Acts Of Terrorism](https://www.frixlaw.com/law-library/statutes/AR_INS_B_2002-01.md) - [AR Insurance Bulletin 1-2006 Act 1526 of 2005](https://www.frixlaw.com/law-library/statutes/AR_INS_B_2006-01.md) - [AR Insurance Bulletin 1-2008 Filing Procedures for Compliance with the Provisions of the Terrorism Risk Insurance Program Re-authorization Act of 2007](https://www.frixlaw.com/law-library/statutes/AR_INS_B_2008-01.md) - [AR Insurance Bulletin 1-2009 Ark. Code Ann. § 23-86-119 “Disclosure to Policyholders”](https://www.frixlaw.com/law-library/statutes/AR_INS_B_2009-01.md) - [AR Insurance Bulletin 1-2010 Replacement of Life Insurance Policies or Annuity Contracts; Compliance with Department Rule 97](https://www.frixlaw.com/law-library/statutes/AR_INS_B_2010-01.md) - [AR Insurance Bulletin 1-2013 Requirements for Accreditation for Participation in the Arkansas Federally-facilitated Exchange Partnership](https://www.frixlaw.com/law-library/statutes/AR_INS_B_2013-01.md) - [AR Insurance Bulletin 1-2014 Requirement to Provide Additional Language to be Included with the Delivery of Their Individual Policies](https://www.frixlaw.com/law-library/statutes/AR_INS_B_2014-01.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/AR_INS_B_1987-01. Check the current official text before relying on it. Not legal advice.