Notice of Close of Record: Reasonableness of Benefits in Relation to Premium
On August 18, 2017, the Department published a Notice of Rulemaking Docket Opening in the Arizona Register (23 A.A.R. 2209, August 18, 2017). On September 15, 2017, the Department published a Notice of Proposed Rulemaking in the Arizona Register (23 A.A.R. 2485, September 15, 2017). The rulemaking proposes to amend A.A.C. R20-6-607, Reasonableness of Benefits in Relation to Premium Charged, to correct some reference errors and to update the subsection governing the reasonableness of benefits in relation to premium charged with respect to individual disability policy forms.
The Notice of Proposed Rulemaking stated that the Department would schedule an oral proceeding on the rulemaking if, within 30 days after the published Notice of Proposed Rulemaking, anyone submitted a written request for an oral proceeding. The deadline for submitting a written request for an oral proceeding was October 13, 2017. However, to accommodate the Columbus Day holiday, the Department is extending the comment period which will now end on Monday, October 16, 2017 at 5:00 p.m. Once the record is closed, the Department will submit the rulemaking to the Governor’s Regulatory Review Council (GRRC) to finalize the rule.
Anyone having any questions should contact Mary Kosinski at [email protected] or (602) 364-3471.
We are aware of a phishing scam targeting insurance professionals claiming that the National Association of Insurance Commissioners received a complaint that the professional submitted a falsified claim. This fraudulent email displays the NAIC and CIPR logos, can originate from what appears to be an naic.org or gmail.com email account, and instructs the recipient to click on a link to download the complaint notification.
Certain antivirus products will detect this as a malicious email. If you receive a similar email and have any concerns, contact the NAIC Service Desk at (816) 783-8500 or [email protected].