HB 2083: S/E: insurance contracts; construction |
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PRIME SPONSOR: Representative Livingston, LD 22 BILL STATUS: Caucus & COW |
Relating to insurance contracts.
Provisions
1. Stipulates if a translated insurance policy that is issued for delivery contains a specified disclaimer then the policy does not amplify, extend, or modify the terms of the English version.
a. States the disclaimer must be prominently displayed on the cover page or a page that corresponds to the cover page.
b. Provides disclaimer language. (Sec. 1)
Current Law
Pursuant to A.R.S. § 20-1119, insurance contracts must be written according to the entirety of the policy’s terms and conditions and include any modifications by a rider, endorsement, or application made a part of the policy.
Insurers must provide ADOI an English translation of each form, advertisement, or any other document that must be filed with ADOI, if the document is in a language other than English. The translation must compare the foreign language version in a side-by-side format with the English translation. Additionally, an insurer must provide a sworn statement signed by the translator attesting that the translation is identical in substance to the English document (R20-6-203).
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Fifty-third Legislature HB 2083
Second Regular Session Version 2: Caucus & COW
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