State SealARIZONA HOUSE OF REPRESENTATIVES

 

HB 2098: insurance; inducements

PRIME SPONSOR: Representative Livingston, LD 22

BILL STATUS: Chaptered

               

Legend: Amendments – BOLD and Stricken (Committee)

Abstract

☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal NoteRelating to insurance inducements.

Provisions

1.       Increases the monetary value of prizes, goods, or tangible property that an insurer may offer in connection with an insurance transaction to up to $100. (Sec. 1)

Current Law

A.R.S. § 20-452 prohibits an insurer from using certain inducements in connection with insurance transactions. Prohibited inducements include employment, shares of stock or securities, contracts resulting in special profits, and tangible items worth more than $25.

 

 

 

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Fifty-third Legislature                  HB 2098

Second Regular Session                               Version 4: Chaptered

 

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