The bill amends Arkansas Code 23-86-119 to enhance disclosure requirements for insurers to policyholders with more than fifty insured employees under comprehensive group health insurance policies. It mandates that insurers provide detailed monthly reports upon request, which must include information on premiums, claims, and enrollment for the most recent twelve-month period or the entire coverage period, whichever is shorter. The reports will now include specific data such as medical and pharmacy claims on a paid basis, total premiums paid, and the total number of enrolled members, including dependents. Additionally, a high-cost claimant report is required for members with claims exceeding $10,000, detailing their coverage status and claims information.

The bill also stipulates that these reports must be provided to the policyholder within thirty days of the request and can be requested no more frequently than quarterly. It clarifies that insurers are not required to disclose confidential information and defines "enrolled member" to include insured employees, subscribers, or certificate holders. Furthermore, the bill ensures compliance with the Health Insurance Portability and Accountability Act (HIPAA) by prohibiting the disclosure of any claims information that could reveal the identity of an enrolled member.