Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas
2 94th General Assembly A Bill
3 Regular Session, 2023 HOUSE BILL 1356
4
5 By: Representative L. Johnson
6 By: Senator Irvin
7
8 For An Act To Be Entitled
9 AN ACT CONCERNING THE PRACTICES OF CERTAIN HEALTHCARE
10 INSURERS; TO CLARIFY THE PROCESS TO DETERMINE IF A
11 PROPOSED RATE IS EXCESSIVE; AND FOR OTHER PURPOSES.
12
13
14 Subtitle
15 CONCERNING THE PRACTICES OF CERTAIN
16 HEALTHCARE INSURERS; AND TO CLARIFY THE
17 PROCESS TO DETERMINE IF A PROPOSED RATE
18 IS EXCESSIVE.
19
20
21 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
22
23 SECTION 1. Arkansas Code § 23-79-109(a)(1)(A)(ii), concerning the
24 filing and approval of forms filed with the Insurance Commissioner, is
25 amended to read as follows:
26 (ii)(a) The commissioner may shall consider a
27 nonprofit an insurer's surplus levels in determining whether a proposed rate
28 is excessive.
29 (b) Subdivision (a)(1)(A)(ii)(a) of this
30 section does not apply to a nonprofit insurer that offers only limited scope
31 dental benefits.
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*ANS201* 02/06/2023 02:20:12 PM ANS201


Statutes affected:
HB 1356: 23-79-109(a)