All Roll Calls
Yes: 151 • No: 17
ArizonaHB 2054Fifty-seventh Legislature - First Regular SessionHouseWALLET
DIFI; financial enterprises; insurance; compact
Sponsored By: David Livingston (Republican)
Signed by Governor
acknowledgment of receipt (s)annual report (s)automatic approval (s)banks and financial institutions - title 6claims process (s)compactcontinuing education (s)contractor requirements (s)data compilation (s)definition (s)delayed repeal (s)department of insurance and financial institutions (difi)deposit (s)difi (see also: department of insurance and financial institutions)display (s)duties (s)electronic communications (s)expiration (s)extended warranty insurers (s)fees (s)financial disclosure (s)financial enterprisesfire insurance review task forcehealth care insurershomeowners insurersimplementation (s)insurance (s)insurance - title 20insurers (s)interstate insurance product regulation compactissuance of licenselicense renewallicense renewal date (s)license yearlicensing (s)medical directors (s)membership (s)motor vehicle insurerpenalty (s)powers and duties (s)public posting (s)registration (s)renewal (s)renewal of license (s)reporting requirements (s)requirements (s)retroactivitysales finance companies (s)state treasurer (s)surplus required (s)trade and commerce - title 44
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Bill Overview
Analyzed Economic Effects
7 provisions identified: 2 benefits, 2 costs, 3 mixed.
Electronic messages for car insurance claims
Motor vehicle insurers must accept electronic messages and documents about claims through a method they choose. They must confirm receipt within 10 business days. Insurers can accept fax only if they also offer another electronic method. The rule covers claimants, including third-party claimants, and their authorized representatives.
Homeowners fire-risk insurance data reports
Homeowners insurers must report policy, premium, coverage, claim, and loss information for policies in heightened fire-risk areas. Reports are due by April 1 for the prior year, though the director can set a different date to align with a national data call. The state publishes combined, anonymous data by December 31. This reporting rule ends December 31, 2027.
New signature rule for health denials
A medical director no longer has to sign a written denial of a provider's request for prior approval based on medical need. A qualified medical director must still issue the denial in writing and explain why the treatment was denied.
Warranty insurers keep a $25,000 deposit
Extended-warranty insurers must keep a $25,000 bond or eligible securities deposit for creditors and policyholders. The insurance director no longer has to make rules to enforce this requirement.
New renewal deadlines for finance firms
Consumer lenders, debt management companies, escrow agents, advance-fee loan brokers, and sales finance companies face updated renewal deadlines. Many must file by December 31; late fees, suspensions, or license expiration can follow missed deadlines. Some late renewals carry a $25 daily fee. Certain active licenses due in June or September 2025, including sales finance licenses, get until December 31, 2025, to renew. These changes apply retroactively from and after December 31, 2024.
More tools for insurer oversight
The insurance director can use software and other tools to examine or investigate regulated businesses. The director can also require extra insurer surplus to help avoid hazardous transactions. But the director no longer has to adopt rules requiring property and casualty insurers to report financial and claims data.
New rules for interstate insurance products
Arizona joins a compact that sets shared standards for life, annuity, disability-income, and long-term-care products. Product review starts when 26 states join or member states represent more than 40% of covered premiums; two states must enact the compact for it to become binding. Approved products can be sold in compacting states where the insurer is authorized, but insurers can still file with Arizona alone. States can opt out of a standard by law or rule; a rule-based opt-out requires notice within 10 business days and findings that the standard would not reasonably protect residents. Commission standards control covered product content, and state enforcement is limited; filers can appeal a rejection within 30 days. Filing fees cover the commission's annual budget, compacting states cannot tax it, and existing approvals can remain in place after a state leaves unless formally rescinded or otherwise agreed. State commissioners share relevant nonprivileged information, and the commission defends covered staff against qualifying claims.
Sponsors & Cosponsors
Sponsor
David Livingston
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 6/19/2025
THIRD: Passed
Yes: 29 • No: 0
House vote • 6/19/2025
FINAL: Passed
Yes: 39 • No: 16
House vote • 6/19/2025
CONCUR: Passed
Yes: 0 • No: 0
House vote • 3/24/2025
DPA
Yes: 6 • No: 1
House vote • 2/6/2025
THIRD: Passed
Yes: 59 • No: 0
House vote • 1/27/2025
C&P
Yes: 8 • No: 0
House vote • 1/21/2025
DP
Yes: 10 • No: 0
Actions Timeline
Final Reading: Passed
6/19/2025HouseConcurrence: Passed
6/19/2025HouseThird Reading: Passed
6/19/2025HouseCommittee of the Whole: do pass amended
6/19/2025Houseundefined: PFC
3/31/2025Houseundefined: DPA
3/24/2025HouseThird Reading: Passed
2/6/2025Houseundefined: C&P
1/27/2025Houseundefined: DP
1/21/2025House
Bill Text
Chaptered Version
House Engrossed Version
Introduced Version
Senate Engrossed Version