SB111

Senate Bill 111 authorizes the creation of a new line of insurance in Arkansas known as 'family leave insurance.' This legislation allows insurers already licensed to provide accident, health, or life insurance to offer policies covering the risk of family leave. The bill defines family leave insurance as a policy issued to employers to help provide benefits for employees experiencing income loss due to the birth or adoption of a child, foster care placement, care for a family member with a serious health condition, or exigencies related to a family member's active military duty. The insurance may be written as a rider to an existing group disability income policy or as a separate group insurance policy purchased by an employer. The bill provides the regulatory framework to permit this specific coverage type within the state's insurance code.