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AR SB284

Bill

Official Source

Status

Passed

3/11/2019

Primary Sponsor

Jane English

Click for details

Origin

Senate

92nd General Assembly (2019 Regular)

AI Summary

  • Amends Arkansas Code § 23-79-307(3) to clarify requirements for forms or endorsements that reduce, restrict, or modify commercial property and casualty insurance coverage
  • Requires named insureds to accept and sign forms or endorsements issued after policy inception date only if they meet two conditions: issued before policy renewal and not requested by the named insured
  • Restructures the statutory language to establish that acceptance and signing requirements apply when both conditions are met simultaneously
  • Approved March 7, 2019 as Act 343 of the Regular Session

Legislative Description

To Clarify The Minimum Standards Of A Commercial Property And Casualty Insurance Policy.

Last Action

Notification that SB284 is now Act 343

3/11/2019

Committee Referrals

Insurance and Commerce2/13/2019
Insurance & Commerce2/7/2019

Full Bill Text

No bill text available