Bill Text: AZ HB2072 | 2010 | Forty-ninth Legislature 2nd Regular | Chaptered

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Bill Title: Department of insurance; continuation

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2010-04-05 - Governor Signed [HB2072 Detail]

Download: Arizona-2010-HB2072-Chaptered.html

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House Engrossed

 

 

 

State of Arizona

House of Representatives

Forty-ninth Legislature

Second Regular Session

2010

 

 

HOUSE BILL 2072

 

 

 

AN ACT

 

Repealing section 41‑3010.17, Arizona Revised Statutes; amending title 41, chapter 27, article 2, Arizona Revised Statutes, by adding section 41‑3020.17; relating to the department of insurance.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Repeal

Section 41-3010.17, Arizona Revised Statutes, is repealed.

Sec. 2.  Title 41, chapter 27, article 2, Arizona Revised Statutes, is amended by adding section 41-3020.17, to read:

START_STATUTE41-3020.17.  Department of insurance; termination July 1, 2020

If the voters approve a constitutional amendment repealing the authority for the department of insurance pursuant to article XV, section 5, constitution of Arizona:

1.  The department terminates on July 1, 2020.

2.  Title 20 is repealed on January 1, 2021.END_STATUTE

Sec. 3.  Purpose

Pursuant to section 41-2955, subsection B, Arizona Revised Statutes, the legislature continues the department of insurance to administer this state's insurance laws, protect the citizens of this state who purchase insurance, provide a better response to the needs of persons who purchase insurance, stimulate the insurance market by encouraging competition, protect the public from unregulated insurers and represent insurance consumers' interests.

Sec. 4.  Retroactivity

Sections 1 and 2 of this act are effective retroactively to July 1, 2010.