SB 339 Summary

• Revises the Insurance Commissioner's annual report requirements to allow references to information posted on state or department websites instead of including all details in the report itself

• Amends examination expense procedures to reference the National Association of Insurance Commissioners' Examiners' Handbook for travel and compensation guidelines

• Clarifies that insurance contracts made by unauthorized insurers are voidable at the instance of the insured, not the insurer

• Requires health maintenance organizations to report appointment terminations under § 23-64-515

• Makes technical corrections to title insurance applicability provisions and amends life settlement license procedures to require compliance hearings under the Arkansas Administrative Procedure Act