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AZ HB2279

Bill

Status

Passed

5/2/2017

Primary Sponsor

David Livingston

Click for details

Origin

House of Representatives

Fifty-third Legislature - First Regular Session (2017)

AI Summary

  • Amends section 20-265 to require the Department of Insurance to compile comparisons of premiums and fees charged at policy inception (not just premiums) for motor vehicle insurance policies insuring six or fewer vehicles, along with complaint ratios.

  • Modifies section 20-381 to expand the definition of "supplementary rate information" to include membership fees charged by reciprocal or mutual insurers.

  • Revises section 20-465 to allow insurance producers to charge fees for services not customarily provided in insurance transactions if the services are disclosed and agreed to in writing by the insured and the fee is reasonably related to the cost of services rendered.

  • Prohibits insurance producers from charging fees in connection with life, annuity, long-term care, or Medicare supplement insurance transactions.

  • Clarifies that the fee restrictions apply only to insurance producers (not insurers) and do not apply to commercial insurance or surplus lines brokers.

Legislative Description

Insurance; fees; insurance producers

Insurance

Last Action

Chapter 251

5/2/2017

Full Bill Text

No bill text available