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AZ HB2730

Bill

Status

Introduced

6/14/2024

Primary Sponsor

Joseph Chaplik

Click for details

Origin

House of Representatives

Fifty-sixth Legislature - Second Regular Session (2024)

AI Summary

  • Amends section 20-344, Arizona Revised Statutes, regarding uniform plans for workers' compensation insurance in Arizona.

  • 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.

  • Allows insurers to develop subclassifications of the uniform classification plan directly or through their rating organization.

  • 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.

  • 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

Committee Referrals

Rules6/14/2024

Full Bill Text

No bill text available