On Mar. 20, ARK LEG enacted bill, financial responsibility requirements
ARK LEG enacted bill SB 276 to clarify surplus lines insurance is an acceptable coverage for financial responsibility of motor vehicle cover and for other purposes.
Allows vehicle owner/operator to demonstrate proof of insurance through policy issued by an insurance company that is not licensed or authorized to do business in the State.
In addition, a policy or bond will not be effective unless issued by an insurance company or surety company that is either authorized/eligible to operate in Arkansas.
Office of Driver Services can rely on accuracy of accident reports regarding coverage.
Legislative History
On Feb. 24, 2025, bill introduced in Senate; on Mar. 10, 2025, bill passed the Senate.
On Mar. 10, 2025, bill introduced in House; on Mar. 17, 2025, bill passed in the House.
On Mar. 20, 2025, bill was approved by the governor and was assigned as Act 345.
Effectiveness
Act effective 91 days after legislature adjourned sine die (May 5), so Aug. 4, 2025.
Regulators
ARK LEG
Entity Types
Ins
Reference
Act 345, Bill SB276, 3/20/2025; Citation: ARK INS 27-2-22; ARK LEG 27-2-19;