The bill amends various sections of the Arkansas Code to clarify that surplus lines insurance is acceptable coverage for financial responsibility related to motor vehicle insurance. Key changes include the insertion of the terms "or eligible" in multiple sections, which expands the definition of acceptable insurance providers to include those that may not be fully authorized but are eligible to do business in the state. This change aims to ensure that individuals can meet their financial responsibility requirements through a broader range of insurance options.

Additionally, the bill modifies existing language to emphasize that a policy or bond will not be effective unless issued by an insurance company or surety company that is either authorized or eligible to operate in Arkansas. The amendments also specify that the Office of Driver Services can rely on the accuracy of accident reports regarding insurance coverage, thereby streamlining the process for verifying financial responsibility. Overall, the bill seeks to enhance the flexibility and accessibility of motor vehicle insurance options for Arkansas residents.

Statutes affected:
SB 276: 27-19-605, 27-19-604, 27-19-712, 27-19-713(a), 27-22-104(a), 27-22-202(4)
Act 345: 27-19-605, 27-19-604, 27-19-712, 27-19-713(a), 27-22-104(a), 27-22-202(4)