Bill > HB2091

This bill amends Arizona law to adjust the maximum fees that insurers pay into the financial surveillance fund, which helps fund the employment of financial analysts to monitor domestic insurers. Specifically, the bill increases the maximum assessment amounts for insurers based on their total admitted assets, with larger insurers facing higher potential fees. Furthermore, starting from June 30, 2027, and each year thereafter, these maximum assessment amounts will be adjusted annually based on inflation, specifically by the lesser of 2.5% or the average annual change in the metropolitan Phoenix consumer price index, ensuring the fees keep pace with economic changes while not decreasing below the prior year's maximums. The bill also clarifies that the term "insurer" includes various types of health care and service organizations incorporated in Arizona and makes these changes retroactive to December 31, 2025, requiring a two-thirds vote for enactment.

Budget and Finance, Business and Industry

https://apps.azleg.gov/BillStatus/BillOverview/83707