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Senate committee advances bill allowing farm membership groups to offer member health coverage

INSURANCE & COMMERCE - SENATE · March 14, 2023
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Senate Insurance & Commerce Committee voted to advance SB 23 24, which would add nonprofit agricultural membership organizations to exceptions in the Arkansas insurance code and allow such groups to offer health coverage to members and their families under member contracts; supporters said it would help young farmers and spouses stay on the farm.

An unidentified senator presenting Senate Bill 23 24 told the Senate Insurance & Commerce Committee the bill would add a "non profit agricultural membership organization" as an exception under the Arkansas insurance code and formally define the term in state law. The presenter said the organization must be incorporated in Arkansas, have a physical presence in every county, promote the interests of farmers or their affiliates, and provide coverage for members and families pursuant to contracts between members or affiliates.

The sponsor said similar organizations operate in other states and that…

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