The proposed bill, if enacted, would amend the Arizona Standard Fire Policy by introducing new requirements for wildfire risk modeling specifically for municipalities with populations under 150,000. It mandates that insurers utilize a rating plan that considers the municipality's mitigation designation, reflecting reduced wildfire risk associated with areas recognized as Firewise USA sites. Additionally, the bill defines "wildfire risk model" and outlines its use in classifying individual structures and estimating potential losses based on wildfire risk.

Furthermore, the bill clarifies conditions under which policies may be canceled or not renewed, including stipulations that a condition not present on the premises cannot justify nonrenewal. It also specifies that any declination of insurance coverage or termination of a binder cannot be based on consumer report information that is older than 60 days. The bill removes certain exceptions related to substantial changes in risk and makes technical adjustments to existing statutes, ensuring that the Arizona Standard Fire Policy aligns with contemporary wildfire risk assessment practices.

Statutes affected:
Introduced Version: 20-1503, 20-1652