This bill proposes updates to the current statutes regarding insurance adjuster licensure in Arizona. Specifically, it introduces new provisions that allow salaried employees of insurers or managing general agents to be licensed as adjusters without taking the state's adjuster examination, provided they meet certain criteria. These criteria include being a resident of Arizona, holding an active designated home state adjuster license from another state before January 1, 2026, being in good standing in that state, and submitting a licensure application by June 30, 2027. The bill also clarifies that these licensed adjusters can only adjust claims as salaried employees and prohibits them from adjusting claims on behalf of insured individuals or in any capacity other than as a salaried employee.

Additionally, the bill stipulates that the adjuster license issued under these provisions is valid and renewable only while the individual continues to adjust claims as a salaried employee. It also defines "salaried employee" in alignment with existing statutes. Overall, the bill aims to streamline the licensure process for certain adjusters while maintaining regulatory standards.

Statutes affected:
Introduced Version: 20-321.03
Senate Engrossed Version: 20-321.03
Chaptered Version: 20-321.03