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AR SB574
Bill
Status
4/26/2021
Primary Sponsor
Bob Ballinger
Click for details
AI Summary
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Amends Arkansas Code § 27-19-107(a) to allow religious denominations that share liability among members to qualify as self-insurers for motor vehicle liability purposes.
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Permits a religious denomination with more than 25 members who own registered motor vehicles and prohibit members from purchasing insurance to obtain a certificate of self-insurance from the Office of Motor Vehicle.
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Establishes that religious denominations meeting the liability-sharing criteria are considered insurers for motor vehicle liability insurance purposes under state law.
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Creates alternative pathway to self-insurer status for liability-sharing organizations without requiring a traditional certificate of self-insurance from the Office of Motor Vehicle.
Legislative Description
To Recognize A Liability Sharing Organization As An Insurer For Motor Vehicle Liability Insurance Purposes.
Last Action
Notification that SB574 is now Act 910
4/26/2021