AZ LEG Workers' Compensation Rates

On Apr. 4, AZ LEG passed bill on workers' compensation premiums.

  • AZ LEG passed bill HB 2204 regarding reduction of workers' compensation premiums.
  • Amends AZ LEG 23-902, AZ LEG 23-961, AZ LEG 23-1065, re workers' compensation.
  • Bill Provisions
  • 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.

Regulators AZ LEG
Entity Types Corp; Ins
Reference Ch. 139, 4/10/2024; Bill, HB2204, 4/4/2024; Citation: *AZ LEG* 23-902, 23-961, 23-1065;
Functions Claims/Accelerated Benefits; Compliance; Financial; HR; Legal; Treasury
Countries United States of America
Products Accident; Corporate; Insurance; Insurance-Casualty
Regions Am
Rule Type Final
Rule Date 4/4/2024
Effective Date 9/14/2024
Rule Id 207524
Linked to N/A
Reg. Last Update 4/10/2024
Report Section US Consumer

Last substantive update on 04/17/2024