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AZ HB2098
Bill
Status
3/16/2018
Primary Sponsor
David Livingston
Click for details
AI Summary
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Amends Arizona Revised Statutes Section 20-452 regarding prohibited inducements in insurance transactions.
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Increases the monetary threshold for prohibited tangible property inducements from $25 to $100.
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Permits insurers to retain independent third parties to conduct customer feedback efforts (surveys, focus groups, interviews, questionnaires) with reasonable incentives to participate.
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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.
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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