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AZ SB1534

Bill

Official Source

Status

Passed

5/13/2019

Primary Sponsor

Kate Brophy McGee

Click for details

Origin

Senate

Fifty-fourth Legislature - First Regular Session (2019)

AI Summary

  • Arizona Department of Insurance must adopt rules within one year of the effective date addressing the National Association of Insurance Commissioners' annuity disclosure model regulation.

  • Rules must include illustration requirements specific to participating immediate and deferred income annuities.

  • Rulemaking shall proceed pursuant to title 41, chapter 6 of the Arizona Revised Statutes (Arizona's administrative rulemaking procedures).

  • Bill was approved by the Governor on May 13, 2019 and filed with the Secretary of State on the same date.

Legislative Description

Annuity disclosure; rules

Disclosure

Last Action

Chapter 223

5/13/2019

Full Bill Text

No bill text available