AZ HB2267

Amends section 20-1098.18, Arizona Revised Statutes, regarding the captive insurance regulatory and supervision fund.

Increases the threshold for reverting unencumbered monies to the state general fund at the close of each fiscal year from one hundred thousand dollars to two hundred thousand dollars.

Allows the director to use up to one hundred thousand dollars annually from the captive insurance regulatory and supervision fund to administer other department statutory responsibilities in addition to captive insurance program costs.

Specifies that the department shall not receive general fund appropriations for captive insurance program operation and industry promotion in any fiscal year when at least twenty-five captive insurers held active certificates of authority as of the preceding calendar year end.