September 25, 2021
Corporate Compliance
Amend Fees DIFI
Effective September 25th, Senate Bill 1118 amends fees related to Department of Insurance and Financial Institutions.
"Be it enacted by the Legislature of the State of Arizona: 2 Section 1. Section 20-167, Arizona Revised Statutes, is amended to 3 read: 4 20-167. Fees; definition 5 A. The director shall collect in advance the following fees, 6 determined by the director, which are nonrefundable on payment..."
"B. An insurer may deliver a notice or document by electronic means 2 to a party pursuant to this section if the party electronically consents 3 to that method of electronic delivery and has not withdrawn consent. A 4 named insured that effectuates insurance transactions by electronic means 5 shall be deemed to have consented to receive notices and documents by 6 electronic means in accordance with this section unless the named insured 7 opts out of electronic delivery and elects delivery by hard copy."
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"Be it enacted by the Legislature of the State of Arizona: 2 Section 1. Section 20-167, Arizona Revised Statutes, is amended to 3 read: 4 20-167. Fees; definition 5 A. The director shall collect in advance the following fees, 6 determined by the director, which are nonrefundable on payment..."
"B. An insurer may deliver a notice or document by electronic means 2 to a party pursuant to this section if the party electronically consents 3 to that method of electronic delivery and has not withdrawn consent. A 4 named insured that effectuates insurance transactions by electronic means 5 shall be deemed to have consented to receive notices and documents by 6 electronic means in accordance with this section unless the named insured 7 opts out of electronic delivery and elects delivery by hard copy."
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