Arizona § 20-400.01 Unjustified adjustments

Arizona Statutes

§ 20-400.01 — Unjustified adjustments

Arizona § 20-400.01

Title 20Arizona Revised Statutes

Ch. 2TRANSACTION OF INSURANCE BUSINESS

Art. 4.Compliance With Filed Rates

This text of Arizona § 20-400.01 (Unjustified adjustments) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 20-400.01 (2026).

Text

A.No insurer may issue a policy of insurance subject to this article with a premium developed in a manner which is not consistent with a filing made pursuant to sections 20-357 and 20-385.

B.No insurer may make any adjustment to the full manual premium developed for any risk without adequate justification for that adjustment. An adjustment will be presumed to be adequately justified if both:

1.It is applied in a manner consistent with the insurer's filed rules.

2.The insurer's files contain adequate documentation of the facts supporting the adjustment.

C.A misclassification of a risk shall be considered an adjustment without adequate justification.

D.Each insurer shall maintain reasonable records of the information collected or used by it in developing the premium charged for an

Free access — add to your briefcase to read the full text and ask questions with AI

A. No insurer may issue a policy of insurance subject to this article with a premium developed in a manner which is not consistent with a filing made pursuant to sections 20-357 and 20-385.

B. No insurer may make any adjustment to the full manual premium developed for any risk without adequate justification for that adjustment. An adjustment will be presumed to be adequately justified if both:

1. It is applied in a manner consistent with the insurer's filed rules.

2. The insurer's files contain adequate documentation of the facts supporting the adjustment.

C. A misclassification of a risk shall be considered an adjustment without adequate justification.

D. Each insurer shall maintain reasonable records of the information collected or used by it in developing the premium charged for any risk so that such records will be available to enable the director to verify compliance with this section.