Arizona 2025 Regular Session

Arizona House Bill HB2819 Compare Versions

Only one version of the bill is available at this time.

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1	1	REFERENCE TITLE: residential property insurance; fire; underwriting State of Arizona House of Representatives Fifty-seventh Legislature First Regular Session 2025 HB 2819 Introduced by Representative Stahl Hamilton AN ACT AMENDING TITLE 20, CHAPTER 1, ARTICLE 1, ARIZONA REVISED STATUTES, BY ADDING SECTION 20-123; amending title 20, chapter 2, article 4.1, arizona revised statutes, by adding section 20-391.01; RELATING TO INSURANCE. (TEXT OF BILL BEGINS ON NEXT PAGE)
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11	11	REFERENCE TITLE: residential property insurance; fire; underwriting
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16	16	REFERENCE TITLE: residential property insurance; fire; underwriting
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42	42	HB 2819
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46	46	Introduced by
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66	66	AN ACT
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70	70	AMENDING TITLE 20, CHAPTER 1, ARTICLE 1, ARIZONA REVISED STATUTES, BY ADDING SECTION 20-123; amending title 20, chapter 2, article 4.1, arizona revised statutes, by adding section 20-391.01; RELATING TO INSURANCE.
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80	80	Be it enacted by the Legislature of the State of Arizona: Section 1. Title 20, chapter 1, article 1, Arizona Revised Statutes, is amended by adding section 20-123, to read: START_STATUTE20-123. Residential property insurers; data compilation; public posting; definition A. The department shall annually compile a list of residential property insurance companies in this state and, for each residential property insurance company, shall publish all of the following on the department's publicly accessible website: 1. The premiums and associated fees charged at the inception of the policy. 2. The number of insureds and the average premiums paid by zip code. 3. the number of insureds who were denied reinsurance coverage by the same insurer and why. 4. The number of insureds who were denied reinsurance coverage by zip code. 5. The number of insureds whose policies lapsed. 6. The number of insurance claims that were paid by the insurer. 7. The number of insurance claims that were paid by the insurer after the insured filed an appeal. 8. The list of the public protection classification fire rating scores for each zip code or designated area with the CORRESPONDING premium rates. 9. The total dollar amount collected for premiums paid each year. B. For the purposes of this section, "Residential property insurance": 1. means insurance coverage against loss to residential real property at a fixed location. 2. includes: (a) A residential fire insurance policy. (b) An allied lines insurance policy. (c) Any tangible personal property pursuant to a homeowner's insurance policy. END_STATUTE Sec. 2. Title 20, chapter 2, article 4.1, Arizona Revised Statutes, is amended by adding section 20-391.01, to read: START_STATUTE20-391.01. Underwriting guidelines; residential property insurers; filing; definitions A. A residential property insurance company in this state shall file with the department a copy of the residential property insurer's underwriting guidelines. The residential property insurer shall update the residential property insurer's filing each time the underwriting guidelines are changed. If a group of residential property insurance companies files one set of underwriting guidelines for the group, that group shall identify which underwriting guidelines apply to each residential property insurer within the group. B. The underwriting guidelines: 1. Shall be actuarily justified, reasonable and substantially commensurate with a contemplated risk. 2. May not be unfairly discriminatory. C. For the purposes of this section: 1. "Residential property insurance": (a) Means insurance coverage against loss to residential real property at a fixed location. (b) Includes: (i) A residential fire insurance policy. (ii) An allied lines insurance policy. (iii) Any tangible personal property pursuant to a homeowner's insurance policy. 2. "Underwriting guideline" means a rule, standard, guideline or practice, whether written, oral or electronic, that an insurer or an agent of the insurer uses to decide whether to accept or reject an application for coverage under a residential property insurance policy or to determine how to classify those risks that are accepted for the purpose of determining a rate. END_STATUTE
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82	82	Be it enacted by the Legislature of the State of Arizona:
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84	84	Section 1. Title 20, chapter 1, article 1, Arizona Revised Statutes, is amended by adding section 20-123, to read:
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86	86	START_STATUTE20-123. Residential property insurers; data compilation; public posting; definition
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88	88	A. The department shall annually compile a list of residential property insurance companies in this state and, for each residential property insurance company, shall publish all of the following on the department's publicly accessible website:
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90	90	1. The premiums and associated fees charged at the inception of the policy.
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92	92	2. The number of insureds and the average premiums paid by zip code.
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94	94	3. the number of insureds who were denied reinsurance coverage by the same insurer and why.
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96	96	4. The number of insureds who were denied reinsurance coverage by zip code.
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98	98	5. The number of insureds whose policies lapsed.
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100	100	6. The number of insurance claims that were paid by the insurer.
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102	102	7. The number of insurance claims that were paid by the insurer after the insured filed an appeal.
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104	104	8. The list of the public protection classification fire rating scores for each zip code or designated area with the CORRESPONDING premium rates.
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106	106	9. The total dollar amount collected for premiums paid each year.
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108	108	B. For the purposes of this section, "Residential property insurance":
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110	110	1. means insurance coverage against loss to residential real property at a fixed location.
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112	112	2. includes:
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114	114	(a) A residential fire insurance policy.
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116	116	(b) An allied lines insurance policy.
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118	118	(c) Any tangible personal property pursuant to a homeowner's insurance policy. END_STATUTE
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120	120	Sec. 2. Title 20, chapter 2, article 4.1, Arizona Revised Statutes, is amended by adding section 20-391.01, to read:
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122	122	START_STATUTE20-391.01. Underwriting guidelines; residential property insurers; filing; definitions
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124	124	A. A residential property insurance company in this state shall file with the department a copy of the residential property insurer's underwriting guidelines. The residential property insurer shall update the residential property insurer's filing each time the underwriting guidelines are changed. If a group of residential property insurance companies files one set of underwriting guidelines for the group, that group shall identify which underwriting guidelines apply to each residential property insurer within the group.
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126	126	B. The underwriting guidelines:
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128	128	1. Shall be actuarily justified, reasonable and substantially commensurate with a contemplated risk.
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130	130	2. May not be unfairly discriminatory.
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132	132	C. For the purposes of this section:
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134	134	1. "Residential property insurance":
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136	136	(a) Means insurance coverage against loss to residential real property at a fixed location.
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138	138	(b) Includes:
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140	140	(i) A residential fire insurance policy.
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142	142	(ii) An allied lines insurance policy.
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144	144	(iii) Any tangible personal property pursuant to a homeowner's insurance policy.
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146	146	2. "Underwriting guideline" means a rule, standard, guideline or practice, whether written, oral or electronic, that an insurer or an agent of the insurer uses to decide whether to accept or reject an application for coverage under a residential property insurance policy or to determine how to classify those risks that are accepted for the purpose of determining a rate. END_STATUTE