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AZ HB2302

Bill

Official Source

Status

Engrossed

3/4/2013

Primary Sponsor

Karen Fann

Click for details

Origin

House of Representatives

Fifty-first Legislature - First Regular Session (2013)

AI Summary

  • Allows employers to pay workers' compensation insurance premiums on a semiannual, quarterly, or monthly basis if the insurer offers such payment plans.

  • Insurers are not required to offer periodic payment plans or collect deposit premiums under this section.

  • Requires any deposit premium to be paid at the inception of the policy term and must be at least the minimum premium stated in the policy.

  • Deposit premiums must be credited to the final earned premium or renewal policy, but cannot be credited to any interim premium adjustment.

  • Defines "deposit premium" as the initial payment an insurer requires to provide workers' compensation coverage.

Legislative Description

Workers' compensation premiums; payment

Last Action

Referred to Senate CEM Committee

3/7/2013

Full Bill Text

No bill text available