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.

Notice of Close of Record: R20-6-1101

R20-6-1101: MEDICARE SUPPLEMENT INSURANCE; Incorporation by Reference and Modifications

Notice of Close of Record: R20-6-401

R20-6-401. TYPES OF INSURANCE COMPANIES; Proxies, Consents, and Authorizations of Domestic Stock Insurers

Notice of Proposed Rulemaking - Corporate Governance Annual Disclosure Model Regulation

In 2019, the Arizona Legislature adopted the NAIC Corporate Governance Annual Disclosure Model Act at Arizona Revised Statutes (“ARS”) by enacting the Corporate Governance Act at Title 20, Chapter 2, Article 16 (Laws 2019, 1st Reg. Sess., Ch. 180, § 1).   The Department of Insurance (“Department”) seeks to adopt the correlate Corporate Governance Annual Disclosure Model Regulation.  ARS § 20-492.02 allows the Department to adopt rules to carry out the Act upon notice and an opportunity to be heard.  The Legislature has exempted the Department from Title 41, Chapter 6 for one year after the effective date of the Act.  (Laws 2019, 1st Reg. Sess., Ch. 180, § 2.)

2019-01 Rulemaking Moratorium
2019 Regulatory Agenda
Insurance Rules (Arizona Administrative Code Title 20)