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.
DISCLAIMER
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.
A. A travel insurer shall pay premium tax as provided in section 20-224 on travel insurance premiums paid by any of the following:
1. An individual primary policyholder who is a resident of this state.
2. A primary certificate holder who is a resident of this state and who elects coverage under a group travel insurance policy.
3. A blanket travel insurance policyholder that is a resident in this state, or has its principal place of business or the principal place of business of an affiliate or subsidiary that has purchased blanket travel insurance in this state for eligible blanket group members, subject to any apportionment rules that apply to the insurer across multiple taxing jurisdictions or that allow the insurer to allocate premium on an apportioned basis in a reasonable and equitable manner in those jurisdictions.
B. A travel insurer shall:
1. Document the state of residence or principal place of business of the policyholder or certificate holder as required in subsection A of this section.
2. Report as premium only the amount allocable to travel insurance and not any amounts received for travel assistance services or cancellation fee waivers.
C. For the purposes of this section:
1. "Primary certificate holder" means an individual who elects and who purchases travel insurance under a group policy.
2. "Primary policyholder" means an individual who elects and who purchases individual travel insurance.