The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
20-1609 - Filing, approval and disapproval of forms
20-1609. Filing, approval and disapproval of forms
A. A person shall not use or issue for delivery in this state a policy, certificate of insurance, application for insurance, endorsement or rider that relates to consumer credit insurance unless the person has first filed the form with the director and the director has approved the form. A person shall file each form with the director at least thirty days before using the form. Unless the director issues an order affirmatively approving or disapproving the form within thirty days after the filing, the form is deemed approved. On written notice given within the thirty day period to the person making the filing, the director may extend the period for review up to fifteen additional days to enable the director to complete the review of the filing.
B. The director shall disapprove any form filed pursuant to subsection A if the form contains provisions that are unjust, unfair, inequitable, misleading, ambiguous or deceptive, that encourage misrepresentations of the coverage or that are contrary to any provision of this title or of any rule adopted pursuant to this title.
C. If the director disapproves any form or determines that approval once given should be withdrawn, the director shall notify the insurer of the reason for the decision and advise the insurer of the hearing procedure prescribed by title 41, chapter 6, article 10.