On Apr. 4, AZ LEG passed bill on auto theft authority overpayment fee.
AZ LEG passed HB 2609 relating to the overpayment of Auto Theft Authority fees.
Provisions amended AZ LEG 41-3453 regarding failure to pay fees and definitions.
Bill Provisions
Entitled insurer who overpaid the authority fee to a refund of the overpaid amount.
Must submit request for refund to authority within 1 year after overpaid assessment.
Request must include documentation to director to substantiate overpaid amount.
Director to approve or deny written request submitted to the automobile theft authority on or before Dec. 31, 2024 for a refund of actual overpaid amount of the fee.
Director may audit insurer that issues motor vehicle insurance policies to determine whether the insurer is in complete compliance, audit expenses to be paid by insurer.
Legislative History
On Jan. 23, 2024, bill introduced in House; on Feb. 29, 2024, bill passed in the House.
On Mar. 7, 2024, bill introduced in the Senate; on Apr. 1, 2024, bill passed Senate.
On Apr. 4, 2024, bill sent to governor, awaits signature/approval or veto override.
Effectiveness
Bill effective on Sep. 14, 2024 (91 days after Jun. 15 adjournment).
Apr. 2024 AZ LEG Governor Approval
On Apr. 10, 2024, AZ LEG governor approved bill HB2609, assigned Chapter 149.
Regulators
AZ LEG
Entity Types
Ins
Reference
Ch. 149, 4/10/2024; Bill HB2609, 4/4/2024; Citation: AZ LEG 41-3453;
