This regulatory bulletin clarifies that HB 2149 did not change the requirements for surplus lines brokers (SLBs) to report and pay taxes and stamping fees for service fees that SLBs charge insureds. Instead, HB 2149 clarified that a SLB does not need to report or pay taxes on a service fee charged to an insured by a insurance producer as may be permissible under ARS §§ 20-407(C) and 20-465, for which an insurance producer is not subject to premium tax but may be subject to federal and state income taxes.

This regulatory bulletin establishes the operative date of the uniform valuation manual, for purposes of the Arizona Standard Valuation Law, A.R.S. 20-510, as January 1, 2017.

This regulatory bulletin summarizes the major, newly enacted legislation affecting the Department, its licensees, and Arizona insurance consumers.

This bulletin supersedes Regulatory Bulletin 2015-01A.  This bulletin sets $2,610 as the threshold amount of property damages insurers may use to non-renew private passenger automobile policies.