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AZ HB2098

Bill

Status

Passed

3/16/2018

Primary Sponsor

David Livingston

Click for details

Origin

House of Representatives

Fifty-third Legislature - Second Regular Session (2018)

AI Summary

  • Amends Arizona Revised Statutes Section 20-452 regarding prohibited inducements in insurance transactions.

  • Increases the monetary threshold for prohibited tangible property inducements from $25 to $100.

  • Permits insurers to retain independent third parties to conduct customer feedback efforts (surveys, focus groups, interviews, questionnaires) with reasonable incentives to participate.

  • Limits feedback effort incentives to a presumed reasonable maximum of $200 and prohibits offering or promoting such incentives in connection with insurance applications or renewals.

  • Maintains existing prohibitions on offering employment, securities, advisory board contracts, or other special inducements to insureds or prospective insureds.

Legislative Description

Insurance; inducements

Insurers

Last Action

Chapter 10

3/16/2018

Full Bill Text

No bill text available