AZ SB1498

Amends Arizona law regarding workers' compensation claims against third parties by clarifying the definition of "amount actually collectable" for insurance carrier liens.

Defines "amount actually collectable" as total recovery minus reasonable and necessary expenses, specifically including attorney fees actually expended in securing the recovery.

Defines "total recovery" as the portion of settlement, judgment, or award representing payment for past and future medical expenses and past and future lost wages.

Maintains insurance carriers' lien rights on third-party recoveries to the extent of compensation and medical benefits paid, with the lien applying only to aggravation treatment costs for previously accepted industrial injuries.

Clarifies that the Industrial Commission has the same rights as insurance carriers and self-insured employers regarding third-party liability claims.