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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 Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

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.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
GilmorePrimary sponsorNot applicable (committee)——
Jeff WardlawPrimary sponsorRepublicanHouse94

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Notification that HB1488 is now Act 391
  2. Correctly enrolled and ordered transmitted to the Governor's Office.
  3. TO BE ENROLLED
  4. Senate amendment # 1 read and concurred in.
  5. Returned from Senate as passed, as amended # 1
  6. Returned to the House as passed as amended # 1 .
  7. Read the third time and passed.
  8. REPORTED CORRECTLY ENGROSSED
  9. Amendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
  10. Placed on second reading for purpose of amendment.
  11. Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 1
  12. Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE

Showing 12 most recent of 20 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source