# Ark. Code Ann. § 23-101-109: Refund of unearned premiums

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-109

## Section

- **Citation:** Ark. Code Ann. § 23-101-109
- **Heading:** Refund of unearned premiums
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 23 / Chapter 101 / Section 23-101-109

## Text

(a) Within sixty (60) calendar days after the termination of creditor-placed insurance coverage and in accordance with the formulas approved by the Insurance Commissioner, an insurer shall refund any unearned premium or other identifiable charges. (b) (1) Within sixty (60) calendar days after the termination date of creditor-placed insurance coverage, the insurer shall provide to the debtor a statement of refund disclosing the effective date, the termination date, the amount of premium being refunded, and the amount of premium charged for the coverage provided. (2) No statement shall be required in the event that the policy terminates pursuant to § 23-101-105(b)(4) . (c) The entire amount of premiums, minimum premiums, and fees or charges of any kind shall be refunded if no coverage was provided. Acts 1997, No. 930, § 9.

(a) Within sixty (60) calendar days after the termination of creditor-placed insurance coverage and in accordance with the formulas approved by the Insurance Commissioner, an insurer shall refund any unearned premium or other identifiable charges.

(b) (1) Within sixty (60) calendar days after the termination date of creditor-placed insurance coverage, the insurer shall provide to the debtor a statement of refund disclosing the effective date, the termination date, the amount of premium being refunded, and the amount of premium charged for the coverage provided. (2) No statement shall be required in the event that the policy terminates pursuant to § 23-101-105(b)(4) .

(1) Within sixty (60) calendar days after the termination date of creditor-placed insurance coverage, the insurer shall provide to the debtor a statement of refund disclosing the effective date, the termination date, the amount of premium being refunded, and the amount of premium charged for the coverage provided.

(2) No statement shall be required in the event that the policy terminates pursuant to § 23-101-105(b)(4) .

(c) The entire amount of premiums, minimum premiums, and fees or charges of any kind shall be refunded if no coverage was provided.

Acts 1997, No. 930, § 9.

## Nearby sections

- [Ark. Code Ann. § 23-101-101 Purpose](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-101.md)
- [Ark. Code Ann. § 23-101-102 Scope](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-102.md)
- [Ark. Code Ann. § 23-101-103 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-103.md)
- [Ark. Code Ann. § 23-101-104 Prohibited coverages](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-104.md)
- [Ark. Code Ann. § 23-101-105 Term of insurance policy](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-105.md)
- [Ark. Code Ann. § 23-101-106 Calculation and payment of premiums](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-106.md)
- [Ark. Code Ann. § 23-101-107 Evidence of coverage](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-107.md)
- [Ark. Code Ann. § 23-101-108 Filing, approval, and withdrawal of forms and rates](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-108.md)
- [Ark. Code Ann. § 23-101-109 Refund of unearned premiums](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-109.md)
- [Ark. Code Ann. § 23-101-110 Claims](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-110.md)
- [Ark. Code Ann. § 23-101-111 Rights and obligations of the parties](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-111.md)
- [Ark. Code Ann. § 23-101-112 Remittance of premiums and payment of compensation](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-112.md)
- [Ark. Code Ann. § 23-101-113 Disclosures to debtor](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-113.md)
- [Ark. Code Ann. § 23-101-114 Rules](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C101_S23-101-109. Check the current official text before relying on it. Not legal advice.