This bill proposes amendments to sections 11-951 and 11-981 of the Arizona Revised Statutes, specifically updating the definition of "public agency" to include political subdivision entities. The current law defines "public agency" but does not explicitly mention political subdivision entities, which will now be included as the 11th item in the list. Additionally, the bill allows these entities to procure insurance from any insurer authorized by the Director of the Department of Insurance and Financial Institutions (DIFI) or to establish a self-insurance program, thereby expanding their insurance procurement options.

Furthermore, the bill makes several technical changes, such as replacing the term "any" with "political subdivision entity" in various sections to clarify the entities eligible for insurance procurement and self-insurance programs. It also specifies that if a political subdivision entity establishes a self-insurance program, it must place all funds into a trust fund for direct payment of benefits, losses, or claims. The bill ensures that these entities are subject to the same regulations as other public agencies while allowing them to operate with greater flexibility in managing their insurance needs.

Statutes affected:
Introduced Version: 32-573
Senate Engrossed Version: 32-573
House Engrossed Version: 11-951, 11-981, 38-711
Chaptered Version: 11-951, 11-981, 38-711