|
ARIZONA HOUSE OF REPRESENTATIVESFifty-fifth Legislature Second Regular Session |
House: COM DP 7-3-0-0 | 3rd Read 34-25-1-0Senate: FIN DP 6-2-2-0 | 3rd Read 18-10-2-0 |
HB 2272: insurance; secondary sources
Sponsor: Representative Weninger, LD 17
Transmitted to the Governor
Overview
Asserts a secondary source on insurance does not constitute the law or public policy if specified criteria are met.
History
Title 20, A.R.S., composes Arizona's insurance laws. The laws provide the general requirements for transacting insurance business, outline the requirements for licensing an insurance producer and identify types of insurers.
Insurance is defined as a contract by which one undertakes to indemnify another or to pay a specified amount on determinable contingencies (A.R.S. § 20-103).
Provisions
1. Declares a secondary source on insurance, including any legal treatise or scholarly publication, does not constitute Arizona law or public policy and is not authoritative if the secondary source purports to create, eliminate or alter a cause of action, right or remedy or conflicts with:
a) the U.S. or Arizona Constitution;
b) Arizona law;
c) Arizona's case law precedent; or
d) Arizona adopted common law. (Sec. 1)
e)
f)
g) ---------- DOCUMENT FOOTER ---------
h) HB 2272
i) Initials PRB Page 0 Transmitted
j)
k) ---------- DOCUMENT FOOTER ---------