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Senate committee approves bill clarifying surplus‑lines can satisfy auto financial responsibility
Summary
The Senate Insurance & Commerce Committee voted to pass a bill clarifying that surplus‑lines insurance may satisfy Arkansasfinancial responsibility requirements for automobiles in certain circumstances.
The Senate Insurance & Commerce Committee voted to pass a bill that clarifies how surplus‑lines insurance can satisfy Arkansasmotor vehicle financial responsibility requirements.
Sen. Blake Johnson (District 71) presented the bill, saying the change "doesn't change anything that's, in operation today and in policy today. We're just adding a, verbiage that, clarifies that surplus lines meets the financial responsibility for, auto insurance as needed, to insure your car." The committee approved the measure by voice vote.
Supporters and the insurance department characterized the bill as a clarification,…
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