Arkansas · 2025 Regular Session · Bill

HB 1488: TO AMEND THE STANDARD NONFORFEITURE LAW FOR LIFE INSURANCE; AND TO REQUIRE AN INSURER TO PAY INTEREST ON DEFERRED PAYMENT OF ANY CASH SURRENDER VALUE UNDER CERTAIN POLICIES.

Enacted Last action March 25, 2025: Notification that HB1488 is now Act 391

Plain-language summary

HB 1488 is a bill introduced in the Arkansas House on February 14, 2025. According to its official title, it concerns: TO AMEND THE STANDARD NONFORFEITURE LAW FOR LIFE INSURANCE; AND TO REQUIRE AN INSURER TO PAY INTEREST ON DEFERRED PAYMENT OF ANY CASH SURRENDER VALUE UNDER CERTAIN POLICIES. Primary sponsor: Gilmore, Jeff Wardlaw (Republican). Most recent recorded action (March 25, 2025): Notification that HB1488 is now Act 391.

Sponsors

Primary sponsors: Gilmore; Jeff Wardlaw (Republican).