AZ HB2308

Amends Arizona Revised Statutes sections 20-2102 and 20-2113 to clarify definitions and disclosure provisions related to insurance information and transactions.

Adds new definition of "transfer of business" to mean the transfer of a policyholder's existing policy or group of policies from one insurance institution to another, excluding transfers by insurance producers under exclusive or required submission contracts.

Expands the definition of "insurance transaction" to explicitly include transfers of business.

Makes technical grammatical corrections throughout both statutes, replacing words like "bearing" with "bears" and "which" with "that" for clarity.

States that amendments are intended to clarify the legislature's original intent and meaning in administration of insurance information statutes.