Bill
Number: H.B. 2553
Biggs
Floor Amendment
Reference
to: House engrossed bill
Amendment
drafted by: Leg Council
FLOOR
AMENDMENT EXPLANATION
1. Requires the Director
of the Department of Insurance (Director), beginning on or before December 31,
2017, to annually report the following to the President of the Senate and the
Speaker of the House of Representatives:
a) the number of risk
retention groups licensed in this state;
b) any regulatory action
taken against a risk retention group for noncompliance with statute;
c) the number of private
passenger automobile insurance policies that were nonrenewed during the
previous calendar year;
d) the number of private
passenger automobile insurance policies in force at the end of the previous
calendar year; and
e) the number of private
passenger automobile insurance policies in force within
the state’s assigned risk plan at the end of the previous calendar year.
2. Specifies that the
Director may provide the report in electronic format.
Fifty-second Legislature Biggs
Second Regular Session H.B.
2553
BIGGS FLOOR AMENDMENT
SENATE AMENDMENTS TO
H.B. 2553
(Reference to House
engrossed bill)
Page 5, after line 14, insert:
"Sec. 2. Title
20, chapter 14, article 1, Arizona Revised Statutes, is amended by adding
section 20-2414, to read:
20-2414. Reporting requirement
A. Beginning on or before December 31, 2017, the
director shall annually report the following information to the president of
the senate and the speaker of the house of representatives:
1. The number of risk retention groups licensed
in this state since the effective date of this act.
2. Any regulatory action taken by the director
against a risk retention group licensed in this state for noncompliance with
section 20‑2402.
3. The total number of private passenger
automobile insurance policies:
(a) That
were nonrenewed during the previous calendar year pursuant to sections 20‑1631
and 20‑1632.
(b) In
force in this state as of the end of the previous calendar year.
(c) In
force within this state's automobile assigned risk plan as of the end of the
previous calendar year.
B. The director may provide the report required
by subsection A of this section in an electronic format."
Amend
title to conform