20-265. Motor vehicle insurance; premium and fee comparisons and complaint ratios
161 words·~1 min read·
/az/title-20/20-265A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The department of insurance and financial institutions shall compile comparisons of premiums and fees charged at policy inception and complaint ratios for motor vehicle insurance policies that insure six or fewer motor vehicles. The comparisons shall reflect premiums and fees associated with the inception of a policy for not fewer than five hypothetical insureds for urban areas and five hypothetical insureds for rural areas. The department of insurance and financial institutions shall forward copies of the comparisons of premiums and fees charged at policy inception and complaint ratios to the department of transportation.
The director of the department of transportation in consultation with the director of the department of insurance and financial institutions shall make the copies available to the public. The department of insurance and financial institutions may include in the comparison information consumer information that describes the nature of bodily injury coverage, property damage coverage, collision coverage, comprehensive coverage, medical payment coverage, uninsured motorist coverage and underinsured motorist coverage.