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AR SB418
Bill
Status
3/10/2025
Primary Sponsor
John Payton
Click for details
AI Summary
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Workers' compensation insurers in Arkansas must maintain a medical loss ratio of at least 85% for workers' compensation claims
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Medical loss ratio measures the percentage of premium dollars spent on healthcare claims and wage claims versus administrative costs
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Amends Arkansas Code § 11-9-408 concerning insurance policies under the Workers' Compensation Law
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Sponsored by Senator J. Payton in the 95th General Assembly, Regular Session 2025
Legislative Description
To Amend The Workers' Compensation Law That Resulted From Initiated Act 4 Of 1948; And To Establish A Requirement For Workers' Compensation Insurers To Spend At Least Eighty-five Percent Of Premiums On Healthcare Claims And Wage Claims.
Last Action
Sine Die adjournment
5/5/2025