# Arkansas HB1488: TO AMEND THE STANDARD NONFORFEITURE LAW FOR LIFE INSURANCE; AND TO REQUIRE AN INSURER TO PAY INTEREST ON DEFERRED PAYMENT OF ANY CASH SURRENDER VALUE UNDER CERTAIN POLICIES. Arkansas HB1488, TO AMEND THE STANDARD NONFORFEITURE LAW FOR LIFE INSURANCE; AND TO REQUIRE AN INSURER TO PAY INTEREST ON DEFERRED PAYMENT OF ANY CASH SURRENDER VALUE UNDER CERTAIN POLICIES., is a 2025 Regular Session House bill sponsored by Ben Gilmore (Republican), Jeff Wardlaw (Republican); status enacted, last action 2025-03-25 (Notification that HB1488 is now Act 391); PRIA reads it as touching household money (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/AR-HB1488-2025 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Arkansas HB1488 - State: Arkansas - Session: 2025 Regular Session - Title: TO AMEND THE STANDARD NONFORFEITURE LAW FOR LIFE INSURANCE; AND TO REQUIRE AN INSURER TO PAY INTEREST ON DEFERRED PAYMENT OF ANY CASH SURRENDER VALUE UNDER CERTAIN POLICIES. - Status: enacted - Chamber: House - Introduced: 2025-02-14 - Last action: 2025-03-25, Notification that HB1488 is now Act 391 - Sponsors: Ben Gilmore (Republican), Jeff Wardlaw (Republican) - Cosponsors: 0 - Touches household money: yes - Roll calls: 3 (214 yes, 13 no in all) - Economic provisions PRIA read: 0 ## Summary No summary available. ## Bill overview No economic impacts identified for this bill. ## Sponsors and cosponsors - Sponsor: Ben Gilmore (Republican), Senate - Sponsor: Jeff Wardlaw (Republican), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-03-19 | House | House Vote - Wednesday, March 19, 2025 2:19:30 PM | pass | 81 | 13 | | | 2025-03-18 | Senate | Senate Vote - Tuesday, March 18, 2025 3:02:06 PM | pass | 33 | 0 | 1 | | 2025-03-10 | House | House Vote - Monday, March 10, 2025 2:00:05 PM | pass | 100 | 0 | | ## Actions (20) - 2025-03-25: Notification that HB1488 is now Act 391 (House) - 2025-03-19: Correctly enrolled and ordered transmitted to the Governor's Office. (House) - 2025-03-19: TO BE ENROLLED (House) - 2025-03-19: Senate amendment # 1 read and concurred in. (House) - 2025-03-18: Returned from Senate as passed, as amended # 1 (House) - 2025-03-18: Returned to the House as passed as amended # 1 . (Senate) - 2025-03-18: Read the third time and passed. (Senate) - 2025-03-17: REPORTED CORRECTLY ENGROSSED (Senate) - 2025-03-17: Amendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed. (Senate) - 2025-03-17: Placed on second reading for purpose of amendment. (Senate) - 2025-03-13: Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 1 (Senate) - 2025-03-10: Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE (Senate) - 2025-03-10: Received from the House. (Senate) - 2025-03-10: Read the third time and passed and ordered transmitted to the Senate. (House) - 2025-03-06: REPORTED CORRECTLY ENGROSSED (House) - 2025-03-06: Amendment No. 1 read and adopted and the bill ordered engrossed. (House) - 2025-03-06: Placed on second reading for the purpose of amendment. (House) - 2025-03-05: Returned by the Committee with the recommendation that it do pass as amended 1 (House) - 2025-02-17: Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE (House) - 2025-02-14: Filed (House) ## Bill text - HB1488 - Introduced, 2025-02-14: [PDF](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FHB1488.pdf) - Act Version: [PDF](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=391.pdf&ddBienniumSession=2025%2F2025R) ## Related bills - HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025-2026 FISCAL YEAR. (enacted) - HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS. (failed) - HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO SET PENALTIES FOR A VIOLATION OF THE PROHIBITION OF SOLICITATION OF INJURED INDIV… (failed) - SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE USE OF ALKALINE HYDROLYSIS; AND TO REGULATE ALKALINE HYDROLYSIS FACILITIES. (failed) - HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO ALLOW A MUNICIPALITY TO PETITION TO SET ASIDE THE SALE OF PROPERTY TO CERTAIN P… (failed) - HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL ASSEMBLY; TO REQUIRE THAT A MEMBER OF THE HOUSE OF REPRESENTATIVES BE SELECTED A… (failed) ## Sources - [HB1488 - Introduced (PDF)](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FHB1488.pdf) - [Act Version (PDF)](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=391.pdf&ddBienniumSession=2025%2F2025R) ## Related - [HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025…](https://policyrisk.com/state-bill/AR-HB1265-2025) - [HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS.](https://policyrisk.com/state-bill/AR-HB1686-2025) - [HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO S…](https://policyrisk.com/state-bill/AR-HB1237-2025) - [SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE US…](https://policyrisk.com/state-bill/AR-SB440-2025) - [HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO…](https://policyrisk.com/state-bill/AR-HB1695-2025) - [HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL…](https://policyrisk.com/state-bill/AR-HR1012-2025) - [Arkansas bills](https://policyrisk.com/states/arkansas/bills) - [Arkansas state hub](https://policyrisk.com/states/arkansas) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/AR-HB1488-2025 (as of 2026-10-19).