Assigned to FIN                                                                                                                      FOR COMMITTEE

ARIZONA STATE SENATE

Fifty-Fifth Legislature, Second Regular Session

FACT SHEET FOR h.b. 2272

insurance; secondary sources

Purpose

Prohibits a secondary source on insurance from being considered a source of Arizona law or public policy.

Background

Statute authorizes and outlines the transaction of insurance business in Arizona. The laws and rules regarding insurer licensure and insurance contracts vary by type of insurance
(A.R.S. Title 20).

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

Provisions

1. Determines that a secondary source on insurance, including any legal treatise, scholarly publication, textbook or other explanatory text, does not constitute the law or public policy of Arizona and is not authoritative if the secondary source purports to create, eliminate, expand or restrict a cause of action, right or remedy or if it conflicts with:

a) the Arizona or U.S. Constitution;

b) state law;

c) Arizona case law precedent; or

d) other common law that may have been adopted by the state.

2. Becomes effective on the general effective date.

House Action

COM               1/25/22      DP       7-3-0-0

3^rd Read           2/3/22                    34-25-1

Prepared by Senate Research

February 28, 2022

MG/slp