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Current as of January 01, 2025 | Updated by Findlaw Staff
A. If a person applies for a policy or contract in response to a direct response solicitation, the insurer shall require, with or as part of each completed application for a policy or contract, a statement asking whether the applicant, by applying for the proposed policy or contract, intends to replace, discontinue or change an existing policy or contract. If the applicant indicates a replacement or change is not intended or if the applicant fails to respond to the statement, the insurer shall send the applicant, with the policy or contract, a notice that the director has approved or prescribed by rule.
B. If the insurer has proposed the replacement or if the applicant indicates a replacement is intended and the insurer continues with the replacement, the insurer shall:
1. Comply with the requirements of § 20-1241.05, subsections C and D if the applicant furnishes the names of the existing insurer, and the requirements of § 20-1241.05, subsections E and F.
2. With the policy or contract, provide the applicant or prospective applicant with a notice as required under § 20-1241.05.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 20. Insurance § 20-1241.07. Duties of insurers with respect to direct response solicitations - last updated January 01, 2025 | https://codes.findlaw.com/az/title-20-insurance/az-rev-st-sect-20-1241-07/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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