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AZ SB1561
Bill
Status
Introduced
2/10/2025
Primary Sponsor
Vince Leach
Click for details
AI Summary
- Amends Arizona Revised Statutes section 20-344 regarding uniform plans for workers' compensation insurance.
- Clarifies that rating organizations must report to a "designated statistical agent" without redundantly specifying the director's role in the designation process.
- Corrects language to allow insurers to develop subclassifications either directly or through their rating organization, removing duplicative wording.
- Maintains existing requirements that subclassifications be filed with the director and subject to a 15-day waiting period before becoming effective.
- Preserves director's authority to disapprove subclassifications that fail to meet reporting consistency standards or rate standards under section 20-356.
Legislative Description
Technical correction; insurance; uniform plans
Insurance
Last Action
Senate read second time
2/11/2025
Committee Referrals
Rules2/10/2025
Full Bill Text
No bill text available