A new law was introduced in the state of Arkansas concerning proposed insurer bond requirements. The new law, which is referred to as SB 806 terminates the surety bond that a proposed insurer could acquire to get hold of certification from the Insurance Department. The previous law required a surety bond or other alternative security in the quantity of $100,000. As stated above, other types of security may still be utilized. SB 806 was enacted on March 31st, 2009.