The proposed bill would amend current statutes regarding insurance adjuster licensure in Arizona by introducing new eligibility criteria for salaried employees of insurers or managing general agents. Specifically, it would allow these employees to obtain an adjuster license without taking the state's examination if they meet certain conditions, including being a resident of Arizona, holding an active designated home state adjuster license in another state before January 1, 2026, and being in good standing in that state. Additionally, they must submit an application and the required fees and fingerprints by June 30, 2027, and have qualified for their license by passing a state-administered examination in the other state.

Furthermore, the bill stipulates that the issued adjuster license would be valid and renewable only as long as the individual continues to adjust claims as a salaried employee of the licensed insurer or managing general agent. It also clarifies that a person must apply for and obtain a license to act as or claim to be an adjuster. The definition of "salaried employee" would align with existing language in the statutes, ensuring consistency in the interpretation of this term. Overall, these changes aim to streamline the licensure process for qualified individuals while maintaining regulatory standards.

Statutes affected:
Introduced Version: 20-321.03