HB2645 Summary

• Amends Arizona Revised Statutes provisions governing insurer insolvency procedures by adding definitions for "federal home loan bank" and "insurer member" to clarify regulatory framework.

• Prohibits courts from staying, enjoining, or preventing federal home loan banks from enforcing rights against collateral pledged by insurer members under security agreements, even during insolvency proceedings.

• Prevents receivers from voiding transfers related to federal home loan bank security agreements unless the transfer was made with actual intent to hinder, delay, or defraud creditors.

• Clarifies that federal home loan banks retain enforcement rights against collateral in liquidation, rehabilitation, conservation, and attachment proceedings regardless of insolvency status.

• Updates statutory language throughout for clarity, including changing "prior to" to "before," "shall be" to "is," and improving gender-neutral terminology.