ARIZONA HOUSE OF REPRESENTATIVES

HB 2082: insurance producers; convictions; reporting

PRIME SPONSOR: Representative Livingston, LD 22

BILL STATUS: Chaptered

Abstract

Relating to insurance producers' convictions.

Provisions

1. Requires a criminally convicted insurance producer to report the conviction to the Director within 30 days after the filing date of the conviction. (Sec. 1)

2. Clarifies the report must include the initial indictment, information or complaint filed, the final judgment entered by the court, and other relevant documents. (Sec. 1)

Current Law

An insurance producer is an individual or business entity authorized to sell, solicit or negotiate insurance.  The Director may deny, suspend, revoke or refuse to renew an insurance producer's license or may impose a civil penalty for certain violations, which include:

a. Having been convicted of a felony.

b. Intentionally misrepresenting the terms of an actual or proposed insurance contract or application for insurance.

c. Obtaining or attempting to obtain a license through misrepresentation or fraud. (A.R.S. § 20-295).

The Director may deny, suspend, revoke or refuse to renew an insurance producer's license after notice and an opportunity for a hearing (A.R.S. § 20-295).

The Director cannot issue another insurance producer license until one year after revocation and the person is in compliance with licensing requirements (A.R.S. § 20-296).

An insurance producer is required to report any criminal prosecution in any jurisdiction to the Director within thirty days after the initial pretrial hearing date. The report shall include a copy of the complaint filed, the order resulting from the hearing, and all other relevant legal documents (A.R.S. § 20-301).

---------- DOCUMENT FOOTER ---------

Fifty-third Legislature                  HB 2082

Second Regular Session                               Version 4: Chaptered

---------- DOCUMENT FOOTER ---------