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.
2025 Regular Session
Introduced by Ben Gilmore and 1 co-sponsor
House Bill 1488 mandates interest on deferred cash surrender values for life insurance, enhancing financial protection for policyholders in Arkansas.
Notification that HB1488 is now Act 391