Bill > SB276

This bill amends several sections of Arkansas law to clarify and expand the definition of acceptable insurance coverage for motor vehicles, specifically introducing the term "eligible" alongside "authorized" when referring to insurance companies. The changes affect multiple statutes related to financial responsibility and motor vehicle insurance, allowing surplus lines insurers (specialized insurance providers that cover risks not typically handled by standard insurance companies) to be considered valid for meeting state insurance requirements. The bill modifies provisions in sections covering policy requirements, proof of financial responsibility, and motor vehicle liability definitions to explicitly state that insurance carriers can be either "authorized or eligible" to do business in the state. These amendments effectively broaden the range of insurance providers that can be used to satisfy Arkansas's motor vehicle insurance mandates, potentially giving drivers more flexibility in obtaining required coverage. The bill maintains existing coverage limits and requirements while removing restrictive language that previously limited insurance options to only those carriers explicitly authorized to do business in Arkansas.

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https://arkleg.state.ar.us/Bills/Detail?id=sb276&ddBienniumSession=2025%2F2025R