Assigned to FIN FOR COMMITTEE ARIZONA STATE SENATE Fifty-Fifth Legislature, Second Regular Session FACT SHEET FOR H.B. 2698 insurance; assignment of benefits Purpose Applies statutory permissions relating to the assignment of benefits under specified disability insurance contracts to an insurer whether acting as an insurer or performing administrative services. Background If an insured assigns to a covered health care provider performing services covered by the contract payment for benefits under a disability insurance contract, group disability insurance contract or blanket disability contract (contract), the contract does not prohibit the assignment of benefits and the assignment is delivered to the insurer. A payment may be made only to the health care provider to whom the payment has been assigned (A.R.S. ยง 20-464). There is no anticipated fiscal impact to the state General Fund associated with this legislation. Provisions 1. Applies the statutory permissions relating to the assignment of benefits under a contract to an insurer whether acting as an insurer or performing administrative services. 2. Becomes effective on the general effective date. House Action COM 2/15/22 DP 10-0-0-0 3 rd Read 3/10/22 33-24-3 Prepared by Senate Research March 21, 2022 MG/KJA/slp