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AZ SB1325
Bill
Status
1/26/2012
Primary Sponsor
Frank Antenori
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AI Summary
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Amends Arizona Revised Statutes section 20-112 regarding existing actions or violations in insurance law.
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Preserves the validity of rights accrued, actions commenced, and unlawful acts that occurred prior to January 1, 1955, along with associated punishments or license deprivations under former law.
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Requires all proceedings initiated on or after January 1, 1955 related to pre-1955 violations to conform to the applicable provisions of the current insurance title to the extent possible.
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Makes a technical correction by replacing the word "code" with "title" to accurately reflect Arizona's statutory terminology.
Legislative Description
Insurance; existing actions; technical correction
Last Action
Referred to Senate RULES Committee
1/30/2012