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AZ HB2730
Bill
Status
6/14/2024
Primary Sponsor
Joseph Chaplik
Click for details
AI Summary
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Amends section 20-344, Arizona Revised Statutes, regarding uniform plans for workers' compensation insurance in Arizona.
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Clarifies that rating organizations must file their own statistical plans with the director for approval before using them, rather than having them designated by the director.
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Allows insurers to develop subclassifications of the uniform classification plan directly or through their rating organization.
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Requires insurers or rating organizations to file subclassifications and their rates with the director, which must remain on file for at least 15 days before becoming effective.
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Director must disapprove subclassifications if data cannot be reported consistently with the uniform classification and statistical plans, or if rates do not meet the standards in section 20-356.
Legislative Description
Technical correction; insurance; uniform plans
Technical Correction
Last Action
Assigned to House RULES Committee
6/14/2024