The bill seeks to amend the Arkansas Insurance Code through the State Insurance Department's General Omnibus Amendment, introducing significant changes to the Arkansas Workers' Compensation Insurance Plan and the Arkansas Comprehensive Health Insurance Pool. It grants the Insurance Commissioner the authority to delegate responsibilities for the Workers' Compensation Insurance Plan, contingent upon prior approval. The bill also clarifies bond requirements for attorneys representing reciprocal insurers and modifies service of process regulations. Notably, it repeals the Comprehensive Health Insurance Pool Act and minimum benefits for mental illness in group accident and health insurance policies, while amending the Arkansas Mental Health Parity Act of 2009 to enhance treatment standards for mental health and substance use disorders.

Additionally, the bill makes substantial amendments to the eligibility criteria and coverage provisions for the Arkansas Comprehensive Health Insurance Pool, including the removal of references to group health plans and Medicare as qualifying coverage options. It specifies that individuals must not have any other health insurance to be eligible and refines definitions related to health insurance. The governance structure of the pool is also detailed, emphasizing the board's authority to manage operations and ensuring all insurers in Arkansas participate in the pool. The bill further streamlines recovery processes from third parties for damages due to sickness or injury, clarifying the roles of the pool and covered individuals. Overall, the legislation aims to improve the efficiency and accessibility of health insurance options while ensuring equitable treatment for mental health and substance use disorder benefits.

Statutes affected:
HB 1420: 23-67-304(e), 23-70-110(a), 23-79-139, 23-79-205(a)