TO ENACT THE STATE INSURANCE DEPARTMENT'S GENERAL OMNIBUS AMENDMENT OF ARKANSAS INSURANCE CODE.

HB 1420 proposed multiple changes to Arkansas' insurance regulations. It amended rules for the state workers' compensation insurance plan (requiring commissioner approval for delegated administration), updated attorney bond requirements for reciprocal insurers, and repealed two existing laws: the Comprehensive Health Insurance Pool Act and minimum mental health benefits standards for group health policies. The bill also updated coverage requirements for alcohol and drug dependency treatment, mandating a minimum $6,000 annual benefit for policies exceeding $6,000 in total coverage. Note: This bill was withdrawn by its authors on February 18, 2025, and did not become law.