TO REPEAL CERTAIN REPORTING REQUIREMENTS FOR THE STATE INSURANCE DEPARTMENT AND THE STATE SECURITIES DEPARTMENT; AND TO REVISE CERTAIN REPORTING REQUIREMENTS FOR THE STATE INSURANCE DEPARTMENT.

Senate Bill 499 aimed to reduce and revise reporting requirements for several state departments. It sought to eliminate the State Securities Department's quarterly reports on funds received from court orders or settlements. The bill also proposed repealing annual reports from the State Insurance Department on health insurance fraud activities and from the Risk Management Division to the Governor and Legislative Council. Additionally, it would have removed requirements for the Insurance Commissioner to report on the Arkansas Health Insurance Marketplace and the Workers' Compensation Insurance Plan to the Legislative Council and legislative committees.