AZ HB2027

Amends Arizona Revised Statutes section 32-122.02 regarding home inspector certification and financial assurance requirements.

Requires home inspectors to file financial assurance within 60 days after certification and before performing any home inspection for compensation.

Financial assurance options include: errors and omissions insurance of $200,000 aggregate/$100,000 per occurrence, a $25,000 bond, or proof of $25,000 in minimum net assets.

Automatic suspension of certification if financial assurance is lost or not maintained, with reinstatement possible within 90 days if assurance is obtained.

Automatic revocation of certification if financial assurance is not obtained within 90 days of suspension.