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AZ HB2037
Bill
Status
3/31/2015
Primary Sponsor
Heather Carter
Click for details
AI Summary
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Amends Arizona Revised Statutes Section 20-344 regarding uniform plans for workers' compensation insurance.
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Modifies subsection B to clarify that rating organizations may use their own statistical plan if it does not materially conflict with the uniform statistical plan for reporting purposes to the designated statistical agent.
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Corrects subsection C to remove redundant language regarding insurers developing subclassifications of the uniform classification plan, either directly or through rating organizations.
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Requires insurers or rating organizations to file subclassifications and associated rates with the director, with a mandatory 15-day waiting period before effectiveness.
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Maintains director authority to disapprove subclassifications that cannot be reported consistently with uniform plans or do not meet established rate standards.
Legislative Description
Technical correction; insurance; uniform plans
Last Action
Referred to House RULES Committee
3/31/2015