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Senate committee passes bill requiring insurers to confirm coverage after a death within three business days
Summary
The Senate Insurance & Commerce committee passed House Bill 1391, which would require life insurers to confirm whether a decedent had a policy and the death benefit amount within three business days of notification; the Arkansas Insurance Department said the bill was revised from a 24‑hour requirement and includes rule‑making authority.
The Senate Insurance & Commerce committee passed House Bill 1391 on a voice vote after brief testimony that the measure would force life insurers to give families earlier clarity about funeral benefits.
Senator Wallace, presenting the bill on behalf of Representative Capp, said the law is intended to prevent long waits for payouts that can delay funerals. "They've got 72 working hours to confirm that whether the deceased is a covered person under the policy or the annuity, to…
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