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Committee advances bill requiring smaller long‑term‑care insurers to file market conduct reports
INSURANCE & COMMERCE - SENATE · March 9, 2021
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Summary
House Bill 12 42 would eliminate the $50,000 premium threshold and require all long‑term‑care insurers writing any premiums in Arkansas to file Market Conduct Annual Statements; department witnesses said the change would help oversight as long‑term‑care premiums rise and affects about 25–30 small companies.
House Bill 12 42 was presented to require every long‑term‑care insurer doing business in Arkansas—regardless of premium volume—to file Market Conduct Annual Statements (MCAS). The sponsor said Arkansas is alone among…
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