This bill amends Arkansas Code 23-86-119 to enhance the disclosure requirements for insurers regarding policyholder information. It mandates that insurers provide monthly reports to policyholders with more than twenty-five insured employees under a comprehensive group health insurance policy. The reports must include detailed information such as monthly premiums, claims, and enrollment data, as well as specific reports for high-cost claimants whose claims exceed $10,000. Insurers are required to deliver these reports within thirty days of a policyholder's request, and policyholders can request this information no more frequently than quarterly.

Additionally, the bill clarifies the definition of "enrolled member" to include insured employees, subscribers, and certificate holders under a comprehensive group health insurance policy. It also ensures that insurers are not obligated to disclose any confidential information as mandated by law, and it aligns with the Health Insurance Portability and Accountability Act (HIPAA) to protect the identity of enrolled members. Overall, the bill aims to improve transparency and accountability in the insurance industry while safeguarding sensitive information.