Insurance carrier may reduce the amount of premiums paid by an employer up to 5%.
If employer is part of a membership organization whose membership is comprised of persons in related commerce, promotes better conditions, not a for profit business.
Or if carrier has program agreement with membership organization of the employer.
Legislative History
On Jan. 17, 2024, bill introduced in House; on Feb. 22, 2024, bill was passed in House.
On Feb. 23, 2024, bill delivered to Senate; on Apr. 1, 2024, bill was passed in Senate.
On Apr. 4, 2024, bill delivered to governor, awaits signature/approval or veto override.
Effectiveness
Bill effective on Sep. 14, 2024 (91 days after Jun. 15 adjournment).
Apr. 10, 2024 AZ LEG Governor Approval
On Apr. 10, 2024, AZ LEG governor approved bill, Ch. 139 effective on Sep. 14, 2024.
