TO AMEND THE ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN; AND TO REVISE THE REPORTING REQUIREMENTS FOR THE ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN.

HB 1419 would revise Arkansas's workers' compensation insurance plan by requiring the Insurance Commissioner to competitively select the plan's administrator and insurance providers at least every three years, based on cost, service quality, and performance history. The bill allows the commissioner to skip competitive bidding if the current provider has improved service, continuation benefits Arkansas, and coverage for employees working in other states remains adequate. It also mandates an annual report to the legislature detailing the selection process, plan performance, coverage in other states, and compliance with the law.