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

HB 1595 amends multiple sections of Arkansas' insurance code and repeals the Comprehensive Health Insurance Pool Act (Subchapter 5 of Chapter 79). The bill updates rules for workers' compensation insurance plans (requiring Arkansas-based administration and commissioner approval of delegated functions), clarifies attorney bond requirements for reciprocal insurers, extends hospital examination cycles from 3 to 5 years, and revises service-of-process rules for insurers. It directly affects insurers, workers' compensation administrators, and former participants in the repealed health insurance pool, which previously provided coverage for "uninsurable" Arkansans and those eligible for federal tax credits. The repeal removes the state's alternative health insurance market, shifting focus to updated regulatory frameworks under the Insurance Commissioner.