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AZ HB2025
Bill
Status
3/16/2018
Primary Sponsor
David Livingston
Click for details
AI Summary
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Allows insurers to file up to six uniform percentage deviations that decrease or increase the statewide rate portion of their rating organization's workers' compensation rate filing.
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Permits insurers to file subclassification rate-related rules that deviate from rules or schedule rating plans filed by their rating organization, but prohibits simultaneously applying both a deviation and a schedule rating plan to the same insured risk.
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Requires deviations to be on file with the director for at least thirty days before becoming effective, though the director may authorize earlier effectiveness upon written application.
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Specifies that paragraph 1 deviations expire on December 31 unless disapproved sooner by the director, while paragraph 2 deviations continue until the insurer withdraws or the director determines standards are no longer met.
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Applies the amendments retroactively to all workers' compensation insurance rate filings made by insurers or rating organizations from February 28, 2018 forward.
Legislative Description
Workers' compensation; rate deviations
Workers' Compensation
Last Action
Chapter 5
3/16/2018