Assigned to FIN                                                                                                  AS PASSED BY COMMITTEE

 

 

 

 


ARIZONA STATE SENATE

Fifty-Seventh Legislature, Second Regular Session

 

AMENDED

FACT SHEET FOR H.B. 2091

 

financial surveillance fund; insurer examinations

Purpose

Retroactive to January 1, 2026, increases the maximum annual assessment amounts that the Director of the Department of Insurance and Financial Institutions (DIFI) may collect from a domestic insurer for financial surveillance purposes. Contains requirements for enactment and becomes effective on signature of the Governor (Proposition 108).

Background

The Director must annually assess and collect from each domestic insurer, excluding specified reinsurers and service companies, an amount within statutorily prescribed ranges to pay the costs of employing financial analysts who must assist DIFI in conducting financial surveillance of domestic insurers. The Director must deposit the collected fees in the Financial Surveillance Fund and base the amount of each insurer's assessment on the total admitted assets of the insurer as follows:

Insurers with Total Admitted Assets of:

Minimum Assessment Amount

Maximum Assessment Amount

Greater than $1,000,000,000

$15,000

$22,500

Between $200,000,000 and $1,000,000,000

$5,000

$7,500

Between $100,000,000 and $199,999,999

$3,000

$4,500

Between $50,000,000 and $99,999,999

$1,500

$2,250

Between $25,000,000 and $49,999,999

$500

$750

Less than $25,000,000

$250

$375

(A.R.S. § 20-156).

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

Provisions

1.   Increases the maximum annual assessment amounts that may be collected by the Director from each domestic insurer for paying DIFI's financial analysts as follows:

Insurers with Total Admitted Assets of:

Maximum Assessment Amount

Greater than $1,000,000,000

$39,375

Between $200,000,000 and $1,000,000,000

$13,125

Between $100,000,000 and $199,999,999

$7,875

Between $50,000,000 and $99,999,999

$3,940

Between $25,000,000 and $49,999,999

$1,315

Less than $25,000,000

$655

 

2.   Requires for enactment the affirmative vote of at least two-thirds of the members of each house of the Legislature (Proposition 108).

3.   Becomes effective on the signature of the Governor, retroactive to January 1, 2026.

Amendments Adopted by Committee

· Removes the requirement for the Director to annually adjust the maximum assessment amounts.

House Action                                                           Senate Action

COM         1/20/26         DP          11-0-0-0             FIN           3/23/26         DPA           4-1-2

3rd Read    2/3/26                          47-11-2

Prepared by Senate Research

March 25, 2026

MG/SJ/hk