Bill > SB1788

This bill, titled the "Arizona Homeowners Insurance Bill of Rights," aims to enhance consumer protections for homeowners and renters in Arizona by modifying existing insurance laws. Key provisions include requiring insurers to disclose all perils excluded from coverage, the factors used to determine premiums (such as property location, features, risk scores, and aerial imagery), and the impact of property improvements on premiums, with specific rules about the age of aerial imagery used. It also mandates at least 60 days' written notice for coverage reductions or premium increases exceeding 10%, along with an explanation. The bill prohibits insurers from using a dog's breed as the sole factor for underwriting or claims decisions and introduces new protections during states of emergency, preventing insurers from canceling or refusing to renew policies for 12 months in declared emergency areas and prohibiting cancellation for nonpayment of premiums for 60 days. Furthermore, it ensures that for total loss claims or claims where the property is uninhabitable, policyholders are not required to provide an itemized list of lost assets before receiving additional living expense coverage. The bill also extends the notice period for non-renewal based on property conditions to 60 days and clarifies that inquiries about coverage are not considered claims. Finally, it restricts the types of credit history information insurers can use to calculate premiums for property and casualty insurance, with these changes taking effect for contracts entered into, renewed, extended, or modified after December 31, 2026.

Government Affairs

https://apps.azleg.gov/BillStatus/BillOverview/85457