ARIZONA HOUSE OF REPRESENTATIVES

Fifty-fifth Legislature

Second Regular Session

 


HB 2272: insurance; secondary sources

Sponsor: Representative Weninger, LD 17

Committee on Commerce

Overview

Asserts a secondary source on insurance does not constitute the law or public policy if specified criteria are met.

History

Title 20, A.R.S., composes Arizona's insurance laws.  The laws provide the general requirements for transacting insurance business, outline the requirements for licensing an insurance producer and identify types of insurers.

Insurance is defined as a contract by which one undertakes to indemnify another or to pay a specified amount on determinable contingencies (A.R.S. § 20-103).

Provisions

1.   Declares a secondary source on insurance, including any legal treatise or scholarly publication, does not constitute Arizona law or public policy and is not authoritative if the secondary source purports to create, eliminate or alter a cause of action, right or remedy or conflicts with:

a)   the U.S. or Arizona Constitution;

b)   Arizona law;

c)   Arizona's case law precedent; or

d)   Arizona adopted common law.☐ Prop 105 (45 votes)	     ☐ Prop 108 (40 votes)      ☐ Emergency (40 votes)	☐ Fiscal Note (Sec. 1)

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h)                           HB 2272

i)   Initials PRB     Page 0 Commerce

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