Bill > HB2044

This bill makes several changes to insurance laws in Arizona, including: 1. Defining key terms such as "deliver," "health care services organization," and "private passenger motor vehicle." 2. Allowing the Department of Insurance to send orders and notices electronically or by mail. 3. Expanding the applicability of electronic delivery of insurance documents and notices, including allowing insurers to provide electronic delivery as the default unless the insured opts out. 4. Exempting certain individuals from insurance producer licensing requirements, such as those providing online platforms for insurance sales. 5. Modifying the requirements for adjusters, including waiving certain qualifications if the adjuster holds a national or state-based claims certification. 6. Providing protections for qualified financial contracts and netting agreements in the event of an insurer insolvency. 7. Prohibiting stays or injunctions that would prevent federal home loan banks from enforcing their rights against collateral pledged by an insolvent insurer. 8. Expanding the definition of "consumer product" in the context of service contracts.

Business and Industry

https://apps.azleg.gov/BillStatus/BillOverview/74376