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AR HB1356

Bill

Official Source

Status

Failed

5/1/2023

Primary Sponsor

Lee Johnson

Click for details

Origin

House of Representatives

94th General Assembly (2023 Regular)

AI Summary

  • Changes Arkansas Code § 23-79-109(a)(1)(A)(ii) to require the Insurance Commissioner to "shall consider" (rather than "may consider") an insurer's surplus levels when determining whether a proposed rate is excessive.

  • Exempts nonprofit insurers that offer only limited scope dental benefits from the requirement to have their surplus levels considered in rate determination.

  • Applies to healthcare insurers filing rate forms with the Arkansas Insurance Commissioner.

Legislative Description

Concerning The Practices Of Certain Healthcare Insurers; And To Clarify The Process To Determine If A Proposed Rate Is Excessive.

Last Action

Died in House Committee at Sine Die Adjournment

5/1/2023

Committee Referrals

Insurance and Commerce2/6/2023

Full Bill Text

No bill text available