Originally assigned to JUD &                                                                                          AS PASSED BY HOUSE

Now FIN-related

 

 

 

ARIZONA STATE SENATE

Fifty-Third Legislature, Second Regular Session

 

REVISED

AMENDED

FACT SHEET FOR S.B. 1295

 

animal cruelty; domestic animals; classification

(NOW: producer fees; insurance)

 

As passed the Senate, S.B. 1295 classified, as a class 5 felony, the killing or cruel mistreatment of a domestic animal.

 

The House of Representatives adopted a strike everything amendment that does the following: 

 

Purpose

 

            Removes the prohibition on the ability of insurance producers to charge certain fees.

 

Background

 

Current law prohibits an insurance producer from charging or receiving any fee or service charge in addition to the premium, unless both of the following apply: 1) the fee or service charge and the specific services for which it is charged are disclosed and agreed to in writing by the insured; and 2) the amount of the fee or service charge is reasonably related to the cost of the service rendered and does not duplicate or increase any fee or service charge included in the insurer's rate filing.

 

Notwithstanding the above conditions, an insurance producer is prohibited from charging or receiving any fee or service charge in connection with the transaction of life, annuity, long-term care or Medicare supplement insurance (A.R.S. § 20-465).

 

There is no anticipated fiscal impact to the state General Fund associated with this legislation.

 

Provisions

 

1.      Removes the prohibition on the ability of an insurance producer to be able to charge or receive a fee or service charge for life, annuity and long-term care insurance. Retains the prohibition on charging fees or service charges on Medicare supplement insurance.

 

2.      Becomes effective on the general effective date.

 

 

Amendments Adopted by the House of Representatives

 

ˇ         Adopted a strike everything amendment relating to insurance producer fees.

 

Revisions

 

ˇ         Corrects House Committee action.

 

House Action

 

APPROP         3/28/18     DPA/SE     11-2-0-0

3rd Read           4/9/18                         47-9-4

 

Prepared by Senate Research

April 10, 2018

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