HB 2174
insurance; modeling organizations; predictive models
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill updates Arizona’s insurance regulations to clarify the roles and responsibilities of modeling and data organizations. It expands the definition of these organizations to include those providing statistical and data services to insurers, while excluding certain entities like joint underwriting associations. The bill also aims to ensure that insurance rates are fair and transparent by regulating the activities of these organizations and requiring them to file models with the director, promoting consistency and accountability in rate-making practices.
Sponsors
Official sponsors from legislative records.
Primary sponsor
David Livingston
Cosponsor
Walt Blackman
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