All life insurance and all disability insurance sold in connection with loans or other credit transactions shall be subject to the provisions of this chapter, except insurance sold in connection with a loan or other credit transaction of more than ten (10) years' duration.
Scope
Ark. Code Ann. § 23-87-104 — under Model Act for the Regulation of Credit Life Insurance and Credit Disability Insurance.
Ark. Code Ann. § 23-87-104