AZ HB2240

Allows insurers to fail to renew motor vehicle insurance policies if a named insured or regular driver has had three or more at-fault accidents within 24 months before notice of nonrenewal, with at least 45 days advance notice required.

Prohibits insurers from failing to renew a policy based solely on inquiries about insurance coverage existence or hypothetical insurance matters.

Requires insurers to provide notice of nonrenewal under the new grounds at least 45 days before the effective date, with specific written reasons and information about the assigned risk plan.

Allows insureds to file written objections with the director within 10 days of receiving nonrenewal notice, including objections based on disputed fault determinations in accidents.

Permits insurers to transfer up to one percent of policies to affiliated insurers within one calendar year if insureds have two or more at-fault accidents with property damage exceeding $1,500 or three or more moving violations in the past 36 months.