ARIZONA STATE SENATE
Phoenix, Arizona
FINAL
REVISED
insurance producer
licensing; conforming changes
Makes conforming changes to Arizona Revised Statutes (A.R.S.) regarding insurance producers.
The First Regular Session of the Forty-fifth Legislature passed S.B. 1366 that adopted model legislation to conform Arizona statute to federal legislation. The goal of that legislation was to modernize the insurance industry in the United States and to address the inefficiency, lack of uniformity, reciprocity and coordination within the current multi-state insurance regulatory system. Legislative Council was ordered to propose legislation that conformed the rest of A.R.S. to changes made in S.B. 1366. S.B. 1196 is the result of that mandate.
There is no anticipated fiscal impact to the state general fund.
Provisions
1. Makes numerous conforming changes.
2. Provides for a general effective date.
Amendments Adopted by the House of Representatives
· Makes additional conforming changes.
Senate Action House Action
BI 2/7/02 DP 6-0-0-0 FII 4/3/02 DPA 9-0-0-1
3rd Read 3/14/02 27-0-3-0 3rd Read 4/15/02 50-6-4-0
Final Read 4/22/02 26-0-4-0
Signed by Governor 4/24/02
Chapter 71
Prepared by Senate Staff
May 20, 2002