PROPOSED
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B. 2121
(Reference to printed bill)
Page 2, strike lines 26 through 45
Page 3, strike lines 1 through 29
Renumber to conform
Page 6, strike lines 38 through 45
Page 7, strike lines 1 through 39, insert:
"Sec. 5. Section 20-415, Arizona Revised Statutes, is amended to read:
20-415. Statement of surplus lines insurance business transacted by broker; reporting periods
A. Each surplus lines broker shall file semiannually with the director a statement of all surplus lines insurance business covering Arizona single‑state risks transacted by the broker during the period for which the statement is being filed. The statement shall be on a form prescribed by the director and shall show:
1. Gross amount of each kind of insurance transacted.
2. Aggregate gross premiums charged.
3. Aggregate of return premiums paid to insureds.
4. Aggregate of net premiums.
5. Such additional information as may reasonably be required by the director.
B. The statement required by subsection A of this section is due on or before February 15 of each year for the preceding July through December and on or before August 15 of each year for the preceding January through June for business covering Arizona single‑state risks, except that for multistate transactions occurring on or before december 31, 2014, the statement shall be due on or before the date specified in subsection d of this section.
C. if a clearinghouse is established, is in operation and if the director enters into a multistate agreement or compact pursuant to section 20-416.01, each surplus lines broker shall file quarterly, with the clearinghouse responsible for administering the compact or multistate agreement entered into by the director pursuant to section 20‑416.01, a notarized statement of all surplus lines insurance business covering multistate risks transacted by the broker on behalf of insureds whose home state is Arizona during the calendar quarter for which the statement is being filed. The statement shall be on a form prescribed by the clearinghouse and shall include all information required by the clearinghouse. A facsimile of the original notarized statement may be submitted in lieu of the original notarized statement. The broker shall maintain the original notarized statement for a period of six years after the calendar year in which the statement was filed.
D. The statement required by subsection C of this section is due on or before February 15 for the quarter ending the preceding December 31, May 15 for the quarter ending the preceding March 31, August 15 for the quarter ending the preceding June 30 and November 15 for the quarter ending the preceding September 30.
Sec. 6. Title 20, chapter 2, article 5, Arizona Revised Statutes, is amended by adding section 20-423, to read:
20-423. Application of other laws
to the extent permitted by this article, section 20‑142, subsection E applies to this article."