Loss Ratio and Prima Facie Rates Hearings for Credit Insurance

NOTICE BY THE ARIZONA DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS (“DEPARTMENT”) OF DIRECTOR’S HEARINGS
Pursuant to A.A.C. R20-6-101 and R20-6-102, notice is hereby given to the members of the General Public that the Department will hold hearings on:
March 27, 2025¹
9:00 to 9:30 a.m. – Credit Life Insurance (25A-005-INS)
9:45 to 10:15 a.m. – Credit Disability Insurance (25A-003-INS)
10:30 to 11:00 a.m. – Credit Unemployment Insurance (25A-004-INS)
11:15 to 11:45 a.m. – Credit Property Insurance (25A-002-INS)

These hearings will be held in-person at:
100 N. 15th Ave., Suite 101, Phoenix, AZ 85007
Participants may also attend remotely:
Meeting ID: https://meet.google.com/ppf-rzoa-fob?hs=122&authuser=0 (link is external)
Phone Numbers
(US)+1 929-260-4536
PIN 827 321 634#

Topics to be discussed are establishing Loss Ratio Standards for Credit Property and Credit Unemployment Insurance and Prima Facie rates for Credit Property, Credit Unemployment, Credit Life, and Credit Disability Insurance by the Department. The Notices of Hearing can be found at: https://difi.az.gov/meeting (link is external) (Under “Meeting Type,” select “Credit Insurance Loss Ratio Standards and Prima Facie Rates”). Each Notice of Hearing can be viewed from the column titled “File(s).”
Agenda for each hearing:
1. Opening Remarks by Hearing Officer Tom Zuppan
2. Public Comments
3. Closing Remarks by Hearing Officer Tom Zuppan

The purpose of these hearings is to take comments from insurers on the Director’s proposed orders establishing Loss Ratio Standards and Prima Facie Rates for Credit Property, Credit Unemployment, Credit Life, and Credit Disability insurance. These hearings are not intended as a forum for fielding complaints from consumers about these products.
These hearings will be recorded. Parties may appear with or without the assistance of counsel. An insurance company may be represented by a corporate officer pursuant to A.R.S § 20-161(B).