Ariz. Admin. Code § 9-31-1417

Current through Register Vol. 30, No. 50, December 13, 2024

Section R9-31-1417 - Change in Premium Amount

A. When there is a decrease in the premium amount and the change is processed by the 25th day of the month, then the effective date of the change shall begin on first day following the month in which the amount of the premium change is processed.

B. When there is a decrease in the premium amount and the change is processed after the 25th day of the month, then the effective date of the change shall begin on the first day of the second month in which the amount of the premium change is processed.

C. When there is an increase in the premium amount, the effective date of the change shall begin with the first month following advance notice of at least ten days.

Ariz. Admin. Code § R9-31-1417

New Section made by exempt rulemaking at 8 A.A.R. 5007, effective January 1, 2003 (Supp. 02-4). Amended by exempt rulemaking at 11 A.A.R. 477, effective January 1, 2005 (Supp. 04-4).