Due to ongoing budget negotiations, Arizona’s Department of Insurance faced a potential shut-down on July 1, 2009. That meant the services the DOI provides, including customer service and licensing, would have been unavailable until operations resume, according to the Independent Insurance Agents and Brokers of America of Arizona.
Fortunately, the DOI averted closure when the Arizona State Legislature passed legislation for the 2009-2010 Budget Year late last night.
“We are extremely relieved to inform you that the Legislature has taken the necessary steps to prevent the shutdown<" IIABA of Arizona said in a statement. The Department of Insurance was unavailable for comment at press time. Source: IIAB of Arizona
Was this article valuable?
Here are more articles you may enjoy.
Allstate’s AI Ecosystem to Include a Personal Agentic Assistant for Customers 
AIG Steps Back from NPW Growth Target on Pressure in Some Lines 
Manufacturers Hammer IBHS Over 15-Year Roof Age Limit for Fortified Designation 
Georgia, Florida Insurers Facing New Scrutiny, Regulations After Election 
