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AZ SB1124
Bill
Status
1/19/2023
Primary Sponsor
David Farnsworth
Click for details
AI Summary
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Amends Arizona Revised Statutes section 20-236 regarding civil penalties for insurers failing to respond to financial responsibility verification requests.
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Requires insurers to respond in writing within 30 days to financial responsibility verification requests from the Department of Transportation as required under section 28-4143.
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Imposes civil penalty of up to $250 per violation for failure to respond, with an aggregate cap of $20,000 per six-month period.
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Director must conduct a hearing and find a violation based on Department of Transportation certification before imposing any penalty.
Legislative Description
Financial responsibility; verification; technical correction
Technical Correction
Last Action
Senate read second time
1/23/2023