Legislative Affairs Committee Update- Arkansas House Bill 1753

Excerpt:
A pro subrogation bill was recently introduced in Arkansas. As you may remember, in Riley v. State Farm Mutual Auto Insurance Company, 381 S.W.3d 840 (Ark. 2011) the Arkansas Supreme Court held subrogation rights and/or a right to reimbursement do “not arise, or attach, until the insured has received the settlement proceeds or damage award and until there is a judicial determination that the insured has been made whole”.  For the full update on this bill, click here.