Bill Text: AZ SB1175 | 2014 | Fifty-first Legislature 2nd Regular | Introduced

---

Bill Title: Financial responsibility; verification; technical correction

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2014-01-27 - Referred to Senate APPROP Committee [SB1175 Detail]

Download: Arizona-2014-SB1175-Introduced.html

---

 

 

 

REFERENCE TITLE: financial responsibility; verification; technical correction

 

 

 

State of Arizona

Senate

Fifty-first Legislature

Second Regular Session

2014

 

 

SB 1175

 

Introduced by

Senator Melvin

 

 

AN ACT

 

amending section 20-236, Arizona Revised Statutes; relating to transaction of insurance business.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

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

Section 1.  Section 20-236, Arizona Revised Statutes, is amended to read:

START_STATUTE20-236.  Civil penalty for failure to respond to a request for verification of financial responsibility

If the director finds after a hearing that, upon certification by the department of transportation, an insurer has failed to respond in writing within thirty days to a financial responsibility verification request required pursuant to section 28‑4143, the director shall impose a civil penalty of not more than two hundred fifty dollars for each violation but not to exceed an aggregate penalty of twenty thousand dollars in any one six‑month period. END_STATUTE