All Roll Calls
Yes: 133 • No: 0
ArkansasSB702025 Regular SessionSenateWALLET
TO AMEND THE LAW CONCERNING STANDARDS FOR INSURANCE POLICIES; AND TO REVISE THE NOTICE REQUIREMENTS OF AN INSURER FOR A PREMIUM INCREASE.
Sponsored By: Jimmy Hickey, Jr (Republican), Robin Lundstrum (Republican)
Enacted
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Earlier warnings for Arkansas insurance premium increases
Arkansas insurers must give advance notice when a rate or rule change raises a renewal premium by at least 25%. This applies only to renewal policies lasting 12 months or less. Insurers must mail or deliver notice to your agent at least 60 days before renewal takes effect. They must also mail or deliver notice to you at least 30 days before renewal takes effect. The notice must state the intended increase and its amount; the law does not cap the increase.
Sponsors & Cosponsors
Sponsors
Jimmy Hickey, Jr
Republican • Senate
Robin Lundstrum
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 2/3/2025
House Vote - Monday, February 3, 2025 2:24:17 PM
Yes: 98 • No: 0
Senate vote • 1/27/2025
Senate Vote - Monday, January 27, 2025 1:45:32 PM
Yes: 35 • No: 0
Actions Timeline
Notification that SB70 is now Act 22
2/6/2025SenateDELIVERED TO GOVERNOR.
2/3/2025SenateReported correctly enrolled and ordered delivered to the Governor.
2/3/2025SenateORDERED ENROLLED
2/3/2025SenateReturned from the House as passed.
2/3/2025SenateReturned to the Senate as passed.
2/3/2025HouseRead the third time and passed and ordered transmitted to the Senate.
2/3/2025HouseReturned by the Committee Do Pass
1/29/2025HouseRead the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE
1/27/2025HouseRECEIVED FROM THE SENATE
1/27/2025HouseOrdered immediately transmitted to the House.
1/27/2025SenateRead the third time and passed.
1/27/2025SenateReturned by the Committee, with the recommendation that it Do Pass
1/23/2025SenateRead first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE
1/15/2025SenateFiled
1/15/2025Senate
Bill Text
SB70 - Introduced
1/15/2025
Act Version
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