The bill aims to make technical corrections to Title 19 of the Arkansas Code concerning public finance. It includes amendments to Arkansas Code 19-4-803(c) and 19-5-922(b)(2), which involve the repeal of obsolete language related to the Arkansas Comprehensive Health Insurance Pool and its associated entities. Specifically, the bill removes references to the Arkansas Comprehensive Health Insurance Pool and its board, while retaining exemptions for the Arkansas Property and Casualty Insurance Guaranty Fund and the Arkansas Life and Health Insurance Guaranty Association.

Additionally, the bill clarifies the intended use of the State Insurance Department Trust Fund, emphasizing that it will be used to cover the expenses of the State Insurance Department and omitting previous provisions related to the Arkansas Comprehensive Health Insurance Pool. The bill also establishes legislative intent, ensuring that it does not conflict with acts passed during the regular session of the Ninety-Fifth General Assembly and confirming that the changes made are purely technical rather than substantive.

Statutes affected:
HB 1359: 19-4-803(c), 19-5-922(b)