AR HB1814

Amends Arkansas Code § 23-79-119 to clarify that insurance contracts must be construed according to their entire terms and conditions, including riders, endorsements, and applications.

Requires renewed insurance contracts to incorporate all applicable public policy established by statute or regulation between the original issuance date and the renewal date.

Establishes that health insurance issuers may only nonrenew or discontinue individual major medical coverage based on specific grounds: nonpayment of premiums, fraud, plan termination, movement outside service area, or cessation of association membership.

Requires health insurance issuers to provide 90 days' notice before discontinuing a particular coverage type and 180 days' notice before discontinuing all health insurance coverage in the individual market.

Grants the Insurance Commissioner authority to promulgate rules necessary to implement and enforce the section for protection of policyholders.