This bill proposes to amend current statutes by adding a new section to Title 20, Chapter 6, Article 7 of the Arizona Revised Statutes. Specifically, it introduces a provision that prohibits insurers from canceling or refusing to renew fire insurance policies for a period of sixty days following the Governor's declaration of a state of emergency due to a natural disaster or wildfire. This restriction applies to insured individuals residing or located within a five-mile radius of the affected area.
The current law remains unchanged, but the new language explicitly outlines the conditions under which fire insurance policies cannot be canceled or non-renewed, thereby providing additional protections for policyholders during emergencies. This amendment aims to ensure that individuals in vulnerable areas maintain their fire insurance coverage when they may need it most.
Statutes affected: Introduced Version: 20-1511
House Engrossed Version: 20-1511