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Arizona first enacted a captive insurance law in 2002 and now, after only five years, Arizona joins an elite handful of other US captive insurance domiciles that have licensed over 100 captive insurance companies. Arizona is one of the worlds most popular and well-respected captive insurance domiciles because of its regulatory philosophy; a philosophy that differentiates Arizona from the roughly 30 states and a dozen offshore locations that offer captive insurance programs. Insurance regulators at the Arizona Department of Insurance (ADOI) view themselves as facilitators, enablers and public servants responding to a public need for alternative risk management opportunities. Rod Morris administers the ADOI captive insurance program with a team of qualified and experienced regulators and Arizona’s pro-business governor, legislature and insurance director have worked together to develop comprehensive captive insurance laws that allow for flexibility in captive insurance company formations.
PHOENIX – Insurance Director Christina Urias has ordered National Trade Business Alliance of America to immediately stop offering, soliciting, issuing or delivering health insurance to Arizona residents. This unlicensed entity may also have marketed products under the names: Affinity Health Plans of America, National Trade Business Association, NTBAA, National Transportation Benefit Alliance, Qualified Administrative Specialists of America, Family Health Care Services, Inc., America’s Best Benefits, and American Employers Association. The Texas, North Carolina and Pennsylvania insurance departments previously sanctioned some of these entities for similar unauthorized activity in their states.
[Phoenix] — The Arizona Department of Insurance (ADOI) urges Arizona’s small business owners to explore and take advantage of the new small business insurance curriculum, Insure U for Small Business, now available, free at the online “insurance university” for consumers: www.insureUonline.org/smallbusiness1 or through direct link from the ADOI website at www.id.state.az.us. The National Association of Insurance Commissioners (NAIC) recently launched this new public service website, which includes six categories of important small business insurance information regarding: workers’ compensation, group health and disability, business property and liability, commercial auto, group life and key person life, and home-based business insurance. The quick online quiz allows small business owners and managers to test their insurance knowledge about a variety of important insurance issues.
Phoenix – Agents from the Arizona Department of Insurance (ADOI) Investigations Division arrested Mario Martinez today for impersonating a chiropractor and fraudulently billing insurance companies for chiropractic treatment. Martinez is the owner of Natural Solutions Chiropractic and Wellness Center located at 3002 N. Arizona Ave Suite #6 in Chandler, Arizona.
The Arizona Department of Insurance (ADOI) released the latest edition of its Automobile Insurance Premium Comparison to aid consumers with comparison shopping for auto insurance. The publication contains valuable information and price comparisons, including premium quotes from 75 insurance companies for a dozen different driver scenarios, including a driver who takes the bus to and from work every day.
Many people would readily admit they do not know as much as they should about their insurance policies. The Arizona Department of Insurance (ADOI) is here to help by introducing you to a new on-line “university” – Insure U – designed especially for insurance consumers who want to learn more about insurance issues. Organized by life stages, the website offers basic information on four major types of insurance: auto, home, life and health, so consumers can hone in on the most useful information for their stage in life: young singles, young families, established families and empty nesters/seniors. Insure U has tips on how to avoid fake insurance company scams and visitors can test their insurance knowledge with engaging quiz sessions.
The Arizona Department of Insurance (ADOI) has new tools available to assist home buyers shopping for title insurance. Title insurance is one of the least understood types of insurance and frequently consumers don’t give much thought to title insurance until they close on the purchase of a home. To assist Arizona home buyers in making informed choices regarding title insurance, ADOI recently compiled a variety of resources and added new information to its website.