The proposed legislation, titled the "Delivery Network Company Insurance Act," aims to establish a regulatory framework for insurance requirements specific to delivery network companies operating in Arkansas. It introduces a new subchapter under Arkansas Code Title 23, Chapter 13, which includes definitions for key terms such as "delivery network company," "delivery network company driver," and "delivery service period." The Act mandates that delivery network companies ensure primary motor vehicle liability insurance is in effect during both the delivery availability and service periods, with specified minimum coverage amounts for bodily injury and property damage. Additionally, it outlines the responsibilities of delivery network companies and drivers regarding insurance proof and claims investigations.

The Act also clarifies that insurers may exclude coverage for claims occurring during the delivery availability and service periods, and it does not invalidate existing exclusions in motor vehicle liability insurance policies. Furthermore, it requires delivery network companies to disclose insurance coverage details to drivers before they engage in delivery services. The legislation is set to take effect on October 1, 2024.