Good legislation to fix a bad state supreme court decision. Agents were hung out to dry by the court decision and it’s gratifying to see the legislature respond as quickly as it did.
The Independent Ins Agents & Brokers of AZ first attempted to correct this “change” by filing an Amicus with the Arizona Supreme Court. When the Court ruled against agents, the only option left was legislation.It was not an easy task getting legislation to reinstate what had been a long time understanding regarding the objective of the form. With the help of several insurance companies as well as both of the insurance company trade associations we obtained passage of House Bill 2129 which CLEARLY provides evidence that the acceptance/rejection forms can be used to verify the AGENT’S compliance of the mandatory offer of these coverages. This was an expensive endeavor but the cost of errors and omissions coverage would have no doubt been increased without out a change. The Independent Ins. Agents & Brokers of AZ
I was also sued under that loophole, years ago. I was told that agents were included in safe harbor, then removed, and now they have been put back in. I still can’t figure out who and why they did this. Glad to see they are back. AZ should have never allowed UM options. Match them and move on. How will our clients protect themselves from unlicensed, uninsured illegals?
Good legislation to fix a bad state supreme court decision. Agents were hung out to dry by the court decision and it’s gratifying to see the legislature respond as quickly as it did.
The Independent Ins Agents & Brokers of AZ first attempted to correct this “change” by filing an Amicus with the Arizona Supreme Court. When the Court ruled against agents, the only option left was legislation.It was not an easy task getting legislation to reinstate what had been a long time understanding regarding the objective of the form. With the help of several insurance companies as well as both of the insurance company trade associations we obtained passage of House Bill 2129 which CLEARLY provides evidence that the acceptance/rejection forms can be used to verify the AGENT’S compliance of the mandatory offer of these coverages. This was an expensive endeavor but the cost of errors and omissions coverage would have no doubt been increased without out a change. The Independent Ins. Agents & Brokers of AZ
I was also sued under that loophole, years ago. I was told that agents were included in safe harbor, then removed, and now they have been put back in. I still can’t figure out who and why they did this. Glad to see they are back. AZ should have never allowed UM options. Match them and move on. How will our clients protect themselves from unlicensed, uninsured illegals?