SB82 Summary

• Appropriates $13,463,407 for State Insurance Department operations including $6,837,830 in regular salaries for 190 maximum employees and $140,000 for extra help (19 temporary/part-time employees).

• Establishes appropriations for specialized divisions and programs including Fraud Investigation Unit ($1,114,534), Prepaid Funeral Benefits ($396,801), Health Information Counseling ($966,585), and Rate Review-Federal ($5,866,230).

• Appropriates $20,000,000 each for Arkansas Multi-Agency Insurance Trust Fund and Public School Insurance Program for expenses and claims payment.

• Prohibits the department from using appropriations for promoting or encouraging enrollment in Arkansas Health Insurance Marketplace or Arkansas Works, including advertising and navigator funding, with limited exceptions for direct communications and regulatory activities.

• Effective July 1, 2018, with provisions requiring compliance with state procurement, accounting, budgetary procedures, and revenue stabilization laws.