This bill proposes updates to the Arizona Revised Statutes regarding workers' compensation, specifically focusing on zero estimated exposure policies. The new provisions require insurers to include a signed statement from the applicant attesting to the accuracy of their information and confirming they have no employees and an estimated exposure of zero. Additionally, employers in the construction sector must provide a copy of the policy and written notification of their zero estimated exposure to each entity they contract with, retaining these documents for at least three years.

Furthermore, the bill mandates that any certificate of insurance for construction-related workers' compensation policies with zero estimated exposure must include a specific statement directing verification of the policy status. It defines a "zero estimated exposure policy" and stipulates that these requirements will apply to policies and related certificates entered into or prepared on or after July 1, 2027. Lastly, the effectiveness of the certificate requirement is contingent upon approval from the Association for Cooperative Research and Development for modifications to the standardized form used in the state.

Statutes affected:
Introduced Version: 23-911
House Engrossed Version: 23-911