AZ HB2110

Amends Arizona's definition of "licensed insurer" to clarify that risk retention groups are excluded, and adds an explicit exclusion for captive insurers that are not risk retention groups.

Modifies financial reporting requirements for insurers by changing the threshold from "one million dollars or more in direct premiums written in this state" to "less than one million dollars nationwide" for exemptions from annual audited financial report requirements.

Revises language in section 20-698 regarding insurer exemptions and compliance standards with the National Association of Insurance Commissioners annual financial reporting model regulation.

Makes clarifying technical amendments throughout, including replacing "portions" with "provisions" and "as provided" with "prescribed" for consistency with statutory language.

Applies insurance holding company system regulations (chapter 2, article 8) to risk retention groups defined in sections 20-1098 or 20-2401.