AZ SB1226

Establishes requirements for valid assignment of property or casualty insurance claims after a loss has occurred, including filing a claim with the insurer and notifying the insurer within three days of signing an assignment agreement.

Requires assignment agreements to disclose key provisions in at least 14-point font with separate acknowledgment by the insured, including: insured's liability for uncovered costs, interest rates on delayed payments, a five-day rescission right, and whether the assignee can sue the insurer.

Prohibits assignees from charging interest on unpaid balances during disputes over materials, workmanship, or compensation, and prohibits offering compensation or valuable consideration to insureds as inducement to sign assignment agreements.

Voids assignment agreements that fail to comply with the requirements and relieves insureds of obligations under voided assignments, while allowing direct payment assignments to third parties with insurer notification.

Does not establish new private rights or causes of action but preserves existing common law remedies.