The bill amends Arkansas Code 23-86-119 to enhance disclosure requirements for insurers regarding policyholder information. It raises the threshold for policyholders who can request detailed reports from those with more than twenty-five insured employees to those with more than fifty. Insurers are now required to provide a monthly premium, claims, and enrollment report, which includes specific details such as medical and pharmacy claims on a paid basis, premiums paid, and the total number of enrolled members, including dependents. Additionally, a high-cost claimant report must be provided for any enrolled member with claims exceeding ten thousand dollars.

The bill stipulates that these reports must be delivered to the policyholder within thirty days of the request and can be requested no more frequently than quarterly. It also clarifies that insurers are not obligated to disclose confidential information and defines "enrolled member" to include insured employees and their dependents. Furthermore, the bill ensures compliance with the Health Insurance Portability and Accountability Act, protecting the identity of enrolled members in the disclosed information.