AZ SB1427

Requires insurers in Arizona to issue child-only health insurance plans covering individuals 18 years of age or younger on a guaranteed issue basis without health status limitations or benefit exclusions.

Establishes two open enrollment periods per year lasting one month each, spaced six months apart, beginning the first day of the month after 90 days following the effective date of the section.

Allows enrollment outside open enrollment periods within 30 days of qualifying events including birth, adoption, marriage, dissolution of marriage, death of a parent, loss of employer-sponsored coverage, loss of AHCCCS eligibility, or involuntary loss of other existing coverage.

Requires insurers to continuously and prominently display on their websites notices of open enrollment periods and instructions on how to enroll children in child-only plans, including information about qualifying event enrollment.

Defines "child-only plan" as health insurance coverage for medical and health care services for individuals 18 years or younger, and excludes limited benefit coverage from the definition of health insurance coverage.