# Arkansas SB519: TO AMEND THE STANDARD NONFORFEITURE LAW FOR LIFE INSURANCE; AND TO REGULATE THE PAYMENT OF INTEREST ON DEFERRED PAYMENT OF ANY CASH SURRENDER VALUE ACCORDING TO THE TERMS OF THE POLICY. Arkansas SB519, TO AMEND THE STANDARD NONFORFEITURE LAW FOR LIFE INSURANCE; AND TO REGULATE THE PAYMENT OF INTEREST ON DEFERRED PAYMENT OF ANY CASH SURRENDER VALUE ACCORDING TO THE TERMS OF THE POLICY., is a 2025 Regular Session Senate bill sponsored by Justin Boyd (Republican); status enacted, last action 2025-04-22 (Notification that SB519 is now Act 958); PRIA reads it as touching household money (as of 2026-10-16). - Canonical: https://policyrisk.com/state-bill/AR-SB519-2025 - As of: 2026-10-16 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Arkansas SB519 - State: Arkansas - Session: 2025 Regular Session - Title: TO AMEND THE STANDARD NONFORFEITURE LAW FOR LIFE INSURANCE; AND TO REGULATE THE PAYMENT OF INTEREST ON DEFERRED PAYMENT OF ANY CASH SURRENDER VALUE ACCORDING TO THE TERMS OF THE POLICY. - Status: enacted - Chamber: Senate - Introduced: 2025-03-19 - Last action: 2025-04-22, Notification that SB519 is now Act 958 - Sponsor: Justin Boyd (Republican) - Cosponsors: 0 - Touches household money: yes - Roll calls: 3 (158 yes, 2 no in all) - Economic provisions PRIA read: 1 ## Summary No summary available. ## Bill overview: provisions PRIA read - Life insurance cash-outs: delays with interest protection: mixed, low. Beginning January 1, 2026, Arkansas insurers can delay paying your life insurance policy’s cash surrender value under the policy’s terms. The delay can last up to six months after you demand surrender and turn in the policy. Your death benefit stays in force until payment. If payment remains unpaid… ## Sponsors and cosponsors - Sponsor: Justin Boyd (Republican), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-15 | Senate | Senate Vote - Tuesday, April 15, 2025 1:32:35 PM | pass | 33 | 1 | | | 2025-04-14 | House | House Vote - Monday, April 14, 2025 6:48:05 PM | pass | 93 | 0 | | | 2025-04-02 | Senate | Senate Vote - Wednesday, April 2, 2025 3:43:33 PM | pass | 32 | 1 | | ## Actions (22) - 2025-04-22: Notification that SB519 is now Act 958 (Senate) - 2025-04-16: DELIVERED TO GOVERNOR. (Senate) - 2025-04-16: Reported correctly enrolled and ordered delivered to the Governor. (Senate) - 2025-04-15: ORDERED ENROLLED (Senate) - 2025-04-15: Read the third time and passed. (Senate) - 2025-04-15: Rules suspended. (Senate) - 2025-04-15: House Amendment No. 1 read first time, rule suspended, read second time and concurred in. (Senate) - 2025-04-15: Placed on second reading for purpose of amendment. (Senate) - 2025-04-14: Returned from the House as passed as amended # 1 . (Senate) - 2025-04-14: Returned to the Senate as passed. (House) - 2025-04-14: Read the third time and passed and ordered transmitted to the Senate. (House) - 2025-04-10: REPORTED CORRECTLY ENGROSSED (House) - 2025-04-10: Amendment No. 1 read and adopted and the bill ordered engrossed. (House) - 2025-04-10: Placed on second reading for the purpose of amendment. (House) - 2025-04-09: Returned by the Committee with the recommendation that it do pass as amended 1 (House) - 2025-04-02: Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE (House) - 2025-04-02: RECEIVED FROM THE SENATE (House) - 2025-04-02: Ordered immediately transmitted to the House. (Senate) - 2025-04-02: Read the third time and passed. (Senate) - 2025-04-01: Returned by the Committee, with the recommendation that it Do Pass (Senate) - 2025-03-19: Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE (Senate) - 2025-03-19: Filed (Senate) ## Bill text - SB519 - Introduced, 2025-03-19: [PDF](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FSB519.pdf) - Act Version: [PDF](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=958.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 - [SB519 - Introduced (PDF)](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FSB519.pdf) - [Act Version (PDF)](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=958.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-SB519-2025 (as of 2026-10-16).