Rule detail : 251287

ARK LEG Insurer Contract Simplification

Published on: Apr 21, 2025

On Apr. 14, ARK LEG enacted bill on healthcare contract requirements.

ARK LEG passed HB 1426 amending the Healthcare contracting simplification act.
Amends ARK INS 23-99-1202(7) (definitions), ARK INS 23-99-1203(a) (prohibition against the use of all-product clauses), ARK INS 23-99-1210 (data prohibitions).
Adds ARK INS 23-99-1211 (prohibits contracts that waive requirements, waivers void).
Bill Provisions
Expands definition of healthcare insurer to include a third-party plan administrator.
Prohibits enforcement of stipulation, policy having the effect of an all-products clause.
Restricts lease, rent, sale, use of contracts, provider networks with certain exceptions.
Legislative History
On Feb. 6, 2025, bill introduced in House; on Apr. 2, 2025, bill passed in House.
On Apr. 2, 2025, bill introduced in Senate; on Apr. 8, 2025, bill passed in Senate.
On Apr. 14, 2025, HB 1426 was approved by the governor, assigned Act 569.
Effectiveness
Act effective 91 days after legislature adjourned sine die (May 5), so Aug. 4, 2025.

Regulators

ARK LEG

Entity Types

Ins

Reference

Act 569, Bill HB1426, PR, 4/14/2025; Citation: *ARK INS* 23-99-1202, 23-99-1203, 23-99-1210;

Functions

Actuarial and Valuation; Claims/Accelerated Benefits; Compliance; Legal; Market Conduct; Operations; Outsourcing; Product Administration; Sales Practices

Countries

United States of America