Regulatory Bulletin 2016-04: Service Fees Charged by Surplus Lines Brokers

Submitted by Anonymous (not verified) on Tue, 10/25/2016 - 07:00

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.

Regulatory Bulletin 2016-01: Revision of Private Passenger Automobile Property Damage Threshold for Purposes of A.R.S. § 20-1631(E)

Submitted by Anonymous (not verified) on Tue, 03/08/2016 - 07:00

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.

Regulatory Bulletin 2015-06: Notification of Change of Department Procedure

Submitted by Anonymous (not verified) on Wed, 11/04/2015 - 17:34

The purpose of this Bulletin is to advise all surety insurers that engage bail bond agents to post appearance (bail) bonds in Arizona courts of a change of procedure within the Department.  As of the date of this Bulletin, the Department will now refer indemnitors with unreleased liens on vehicles and real property directly to the surety insurer that issued a bail bond that the court has exonerated if it cannot communicate with the bail bond agent or the bail bond agent fails to cooperate in releasing the lien.

Regulatory Bulletin 2015-05: 2015 Arizona Insurance Laws

Submitted by Anonymous (not verified) on Fri, 06/19/2015 - 07:00

This Regulatory Bulletin summarizes the major, newly enacted legislation affecting the Department, its licensees, and insurance consumers. This summary is not meant as an exhaustive list or a detailed analysis of all insurance-related bills. It generally describes the substantive content, but does not capture all details or necessarily cover all bills that may be of interest to a particular reader. The Department may follow this bulletin with other, more detailed bulletins related to implementation of the legislation.

Regulatory Bulletin 2015-04: Insuring Transportation Network Company Drivers

Submitted by Anonymous (not verified) on Mon, 04/27/2015 - 07:00

The Arizona Legislature passed HB 2135 (Laws 2015, Chapter 235), which establishes insurance and regulatory requirements for transportation network companies and their drivers.  The legislation is effective from and after July 3, 2015.  The purpose of this Regulatory Bulletin is to provide guidance to insurers that wish to file products with the Arizona Department of Insurance (“ADOI”) to provide coverage for individuals operating a transportation network company vehicle.

Regulatory Bulletin 2015 - 03: Excepted Benefits in the Arizona Individual Health Insurance Market

Submitted by Anonymous (not verified) on Mon, 03/23/2015 - 07:00

The purpose of this Bulletin is to highlight (underscore) the criteria for certain health insurance benefits in the individual market to be exempt (“excepted”) from the market reforms of the Affordable care Act (“ACA”), and from corresponding regulations promulgated by the Department of Health and Human Services (“HHS”) in Title 45 of the Code of Federal Regulations (“45 CFR”).  In particular, this Bulletin addresses recent changes to 45 CFR §148.220 (2014), offers guidance regarding three issues raised by the amendment of §148.220, and provides sample language to meet the requirements of §

Regulatory Bulletin 2015-02: Filing Procedures for Compliance with the Provisions of the Terrorism Risk Insurance Program Reauthorization of 2015

Submitted by Anonymous (not verified) on Tue, 02/24/2015 - 20:49

The purpose of this Bulletin is to advise you of certain provisions of the Terrorism Risk Insurance Program reauthorization Act of 2015 amending and extending the Terrorism Risk Insurance Act of 2002 (“TRIA” or “the Act”) by reauthorization, which may require insurers to submit a filing in Arizona of disclosure notices, policy language and applicable rates as a result of the Act.  For further details related to the Act, please consult the Act itself.  This Bulletin supersedes Regulatory Bulletin 2008-01 titled “Voluntary Expedited Procedures for Compliance with the Provisions of the Terrori

Regulatory Bulletin 2015-01A: Revision of Private Passenger Automobile Property Damage Threshold for Purposes of A.R.S. § 20-1631(E)

Submitted by Anonymous (not verified) on Mon, 02/09/2015 - 18:10

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

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