The bill amends Arkansas Code 23-86-119 to enhance disclosure requirements for insurers regarding policyholder information. It raises the threshold for policyholders eligible for detailed reporting from twenty-five to fifty insured employees under a comprehensive group health insurance policy. Insurers are now required to provide monthly reports that include a premium, claims, and enrollment summary, as well as a high-cost claimant report for members with claims exceeding ten thousand dollars. These reports must be delivered to the policyholder within thirty days of the request and can be requested no more frequently than quarterly.

Additionally, the bill clarifies definitions and stipulates that insurers are not obligated to disclose confidential information as mandated by law. It also ensures compliance with the Health Insurance Portability and Accountability Act (HIPAA), protecting the identity of enrolled members in any disclosed claims information. Overall, the legislation aims to improve transparency and accountability in health insurance reporting for policyholders.