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AZ HB2091

Bill

Status

Engrossed

2/3/2026

Primary Sponsor

David Livingston

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - Second Regular Session (2026)

AI Summary

  • Increases the maximum assessment amounts that the Arizona Department of Insurance can collect from domestic insurers for the financial surveillance fund, with increases of approximately 75% across all asset tiers (e.g., from $22,500 to $39,375 for insurers with over $1 billion in assets)

  • Establishes annual inflation adjustments beginning after June 30, 2027, capping increases at the lesser of 2.5% or the average annual change in the metropolitan Phoenix consumer price index

  • Maintains the existing tiered assessment structure based on insurers' total admitted assets, with six categories ranging from under $25 million to over $1 billion in assets

  • Applies retroactively to assessments from and after December 31, 2025

  • Requires a two-thirds vote of both legislative chambers for enactment under Arizona Constitution Article IX, Section 22

Legislative Description

Financial surveillance fund; insurer examinations

Retroactivity

Last Action

Senate read second time

2/25/2026

Committee Referrals

Rules2/3/2026
Finance2/3/2026
Rules1/12/2026
Commerce1/12/2026

Full Bill Text

No bill text available