The bill aims to regulate the compensation and benefits of public officers and employees in Arkansas, specifically addressing the administration of voluntary products within the state and public school life and health insurance program. Key amendments include redefining "group insurance" to simply "insurance" and clarifying that insurance policies can be either individual or group policies. The bill also introduces the term "voluntary product," which refers to any individual or group policy and other employee benefits that are fully paid for by the employee. Additionally, it mandates that the Arkansas State Employees Association, Inc. provide annual reports on voluntary products during open enrollment periods.

Furthermore, the bill delineates the responsibilities of the Director of the Employee Benefits Division, specifying that the director will supervise the implementation and management of employee benefits, excluding voluntary products. It also establishes that the Arkansas State Employees Association, Inc. will develop and administer cafeteria plans for voluntary products, either directly or through a contracted designee. The bill includes provisions for the promulgation of rules necessary for its implementation, with a deadline for initial rules to be filed by January 1, 2024.

Statutes affected:
Old version HB1160 Original - 1-18-2023 01:09 PM: 21-5-406(e), 21-5-407(19), 21-5-407, 21-5-901, 21-5-902(a), 21-5-904
Old version HB1160 V2 - 2-8-2023 09:16 AM: 6-17-1115, 02-08-2023, 23-83-101, 23-86-101, 23-86-106, 21-5-405, 21-5-406(e), 21-5-407(19), 21-5-407, 21-5-901, 21-5-902(a), 21-5-904
Old version HB1160 V3 - 2-16-2023 09:59 AM: 6-17-1115, 02-16-2023, 23-83-101, 23-86-101, 23-86-106, 21-5-405, 21-5-406(e), 21-5-407(19), 21-5-407, 21-5-901, 21-5-902(a), 21-5-904
Old version HB1160 V4 - 3-14-2023 09:34 AM: 6-17-1115, 03-14-2023, 23-83-101, 23-86-101, 23-86-106, 21-5-405, 21-5-406(e), 21-5-407(19), 21-5-407, 21-5-424, 21-5-901, 21-5-902(a), 21-5-904(a), 21-5-904
HB 1160: 6-17-1115, 03-14-2023, 23-83-101, 23-86-101, 23-86-106, 21-5-405, 21-5-406(e), 21-5-407(19), 21-5-407, 21-5-424, 21-5-901, 21-5-902(a), 21-5-904(a), 21-5-904
Act 533: 6-17-1115, 03-14-2023, 23-83-101, 23-86-101, 23-86-106, 21-5-405, 21-5-406(e), 21-5-407(19), 21-5-407, 21-5-424, 21-5-901, 21-5-902(a), 21-5-904(a), 21-5-904