Fabio
75 lines
4.5 KiB
Markdown
75 lines
4.5 KiB
Markdown
---
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type: "Bill"
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title: "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."
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description: "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."
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jurisdiction: "us/states/ar"
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legislature: "Arkansas Legislature"
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session: "2025"
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identifier: "HB 1488"
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citation: "Arkansas HB 1488 (2025)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Gilmore", "Wardlaw"]
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version_count: 4
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action_count: 20
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vote_count: 0
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first_action: "2025-02-14T16:03:44+00:00"
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last_action: "2025-03-25T13:24:47+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/50ed0c97-3cd9-4c52-9b11-2fc842de1767"
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source_url: "https://www.arkleg.state.ar.us/Bills/FTPDocument/?path=%2fSessionInformation%2LegislativeMeasures.txt"
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source_hash: "d0ce994ddc43734825e350600cb13d172a4f5f082f075903cabba3789cebe648"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ar"]
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---
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# Arkansas HB 1488 (2025) — 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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Act 391** (committee substitute) — [source](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=391.pdf&ddBienniumSession=2025%2F2025R)
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2. **Amendment H1** (committee substitute) — [source](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FAMEND%2F2025R%2FPublic%2FHB1488-H1.pdf)
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3. **Amendment S1** (committee substitute) — [source](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FAMEND%2F2025R%2FPublic%2FHB1488-S1.pdf)
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4. **HB 1488** (committee substitute) — [source](https://www.arkleg.state.ar.us/assembly/2025/2025R/Bills/HB1488.pdf)
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## Sponsors
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- Gilmore — primary (person)
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- Wardlaw — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-02-14T16:03:44+00:00** Filed `introduction`
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- **2025-02-17T23:19:22+00:00** Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE `reading-1, reading-2, referral-committee`
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- **2025-03-05T22:01:09+00:00** Returned by the Committee with the recommendation that it do pass as amended 1 `committee-passage`
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- **2025-03-06T14:31:54+00:00** Placed on second reading for the purpose of amendment.
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- **2025-03-06T14:31:56+00:00** Amendment No. 1 read and adopted and the bill ordered engrossed. `amendment-introduction, amendment-passage`
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- **2025-03-06T19:57:29+00:00** REPORTED CORRECTLY ENGROSSED
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- **2025-03-10T19:00:05+00:00** Read the third time and passed and ordered transmitted to the Senate. `passage, reading-3`
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- **2025-03-10T22:44:27+00:00** Received from the House.
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- **2025-03-10T22:44:38+00:00** Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE `reading-1, referral-committee`
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- **2025-03-13T18:42:27+00:00** Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 1 `committee-passage-favorable`
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- **2025-03-17T18:56:32+00:00** Placed on second reading for purpose of amendment.
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- **2025-03-17T18:56:39+00:00** Amendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed.
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- **2025-03-17T21:21:58+00:00** REPORTED CORRECTLY ENGROSSED
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- **2025-03-18T20:02:06+00:00** Read the third time and passed. `passage, reading-3`
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- **2025-03-18T20:02:22+00:00** Returned to the House as passed as amended # 1 .
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- **2025-03-18T21:09:28+00:00** Returned from Senate as passed, as amended # 1
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- **2025-03-19T19:19:30+00:00** Senate amendment # 1 read and concurred in.
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- **2025-03-19T19:19:36+00:00** TO BE ENROLLED
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- **2025-03-19T19:19:40+00:00** Correctly enrolled and ordered transmitted to the Governor's Office.
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- **2025-03-25T13:24:47+00:00** Notification that HB1488 is now Act 391 `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/50ed0c97-3cd9-4c52-9b11-2fc842de1767`. Confidence: reported (aggregated from official Arkansas legislature records).
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