Ariz. Admin. Code § 20-5-1515

Current through Register Vol. 30, No. 49, December 6, 2024

Section R20-5-1515 - Notice of Adverse Condition, Bankruptcy, Change in Ownership Status, or Change in Business Address

A. A Self-Insurer shall notify the Division in writing within 10 days of any adverse condition or material change that impacts or could impact the Self-Insurer's ability to process and pay benefits required under the Act. When a Self-Insurer provides notice to the Commission under this subsection, the Self-Insurer shall provide a written proposal to correct the actual or potential adverse condition or material change.

B. A Public Entity Pool shall notify the Division within 30 days of receipt of any notification from the Director of the Department of Insurance and Financial Institutions according to A.R.S. §§ 11-952.01(N) and 41-621.01(L).

C. A Self-Insurer shall notify the Division in writing within 10 days of any bankruptcy filing under federal law or insolvency proceeding under any state's laws.

D. A Self-Insurer shall notify the Division in writing within 30 days of any change in the ownership status or business address of the Self-Insurer.

Ariz. Admin. Code § R20-5-1515

New section made by final rulemaking at 28 A.A.R. 3435, effective 10/5/2022.