AZ LEG Auto Theft Overpayment

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;
Functions Claims/Accelerated Benefits; Compliance; Financial; Legal; Reporting
Countries United States of America
Products Insurance; Insurance-Property
Regions Am
Rule Type Final
Rule Date 4/4/2024
Effective Date 9/14/2024
Rule Id 207369
Linked to N/A
Reg. Last Update 4/10/2024
Report Section US Insurance

Last substantive update on 04/16/2024