Arkansas Legislature convenes fiscal session February 14, 2022

Overview:

The Arkansas legislature will convene their fiscal session February 14, 2022. In Arkansas, the constitution requires the state to accomplish a balanced budget every year. Budget hearings are currently underway.

The NAIFA Quality Award provides advisors at any career stage the opportunity to demonstrate a commitment to excellence. This includes:

Join fellow NAIFA members May 23-24 in Washington D.C. for this year's NAIFA Congressional Conference!

Governor Hutchinson announced today at his weekly press conference that he will be calling the General Assembly into session, to convene Tuesday, December 7, at 10:00 a.m.  The primary issue will be proposed tax cuts. The Governor said he has had assurances from leadership in the House and the Senate that there is a solid majority of support for the measure in both chambers. 

Join NAIFA-Arkansas for our 2021 Annual Business Meeting! We will also hear from NAIFA-Arkansas Lobbyist, Katie Burns with a legislative update. This meeting will be held virtually on Zoom on Thursday, October 14th from 10:30 to 11:30 a.m. Click the button below to register.

Welcome new members who joined NAIFA-Arkansas this June!

Belonging to your professional association sets you apart from the competition by ascribing to a Code of Ethics, voluntarily investing & participating in a performance-driven networking group, and serving your industry through advocacy and community service.

New SNAP Eligibility System: Q&A With Community Partners
June 17, 2021 1:00 p.m. – 2:00 p.m.

Dear Community Partner,

Access Arkansas is a website for Arkansans to apply for DHS benefits. We’re updating Access Arkansas to make it easier to use and give our clients more options to apply for and manage their benefits online.

We know that you serve people in your community by helping them to get connected to Health Care (Medicaid), Supplemental Nutrition Assistance Program (SNAP), and Transitional Employment Assistance (TEA) benefits they may be eligible to get. You may even help them apply for benefits. That’s why it’s important that you also know about the updated Access Arkansas.

Bobby Bowen, one of the Arkansas Farm Bureau agents and a long-time NAIFA AR member, had a situation develop as a result of a 1930s state court case allowing a change to a beneficiary designation by a will instead of using the normal contract change documents.  He knew that one of his deceased clients, who was a personal friend, did not intend for the will to change the original beneficiary designation on his annuity contract.  So he went about getting a bill written for introduction in the 2021 Arkansas Legislative Session.  His State Representative, Reginald Murdock, saw the merit of the proposal and introduced it in the House with quick passage by a 93-0 vote.  Then Senator Joyce Elliott guided it through the Senate chamber with a 32-0 vote for quick passage also, and then Governor Hutchinson signed it into law as Act 925.  Now Arkansas is in step with the majority of the states requiring beneficiaries to be changed within the affected life and/or annuity contract.  All the credit goes to Bobby Bowen for recognizing a situation that needed to be corrected, and working tirelessly to get it done.

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