WeVote
Log In

Bill

Bill

SB 1788

homeowners; renters; insurance; cancellation; nonrenewal

57th Legislature - Second Regular Session Introduced by Theresa Hatathlie and 1 co-sponsor

Arizona bill restricts how insurers can cancel or refuse to renew homeowners and renters policies, establishing consumer protections in an unstable insurance market.

Senate Second Reading
0
WeVote Research Nonpartisan
Bill Summary · SB 1788

Legislative bill overview

SB 1788 addresses insurance cancellation and nonrenewal protections for Arizona homeowners and renters. The bill establishes new requirements for how insurance companies can terminate or decline to renew property and rental insurance policies, likely creating notice periods, justification standards, or process requirements that insurers must follow.

Why is this important

Insurance cancellations and nonrenewals directly affect housing stability and affordability. Arizona has experienced significant insurer exits and stricter underwriting in recent years, leaving many homeowners and renters at risk of losing coverage or facing higher rates. This bill attempts to provide consumer protections during an unstable insurance market.

Potential points of contention

  • Insurance industry burden: Stricter cancellation/nonrenewal requirements may increase insurer costs, potentially leading to higher premiums, further exits from the market, or reduced availability of policies
  • Scope and specificity: Unclear whether protections apply equally to homeowners and renters, what valid grounds for cancellation remain, and what notice periods are mandated
  • Market viability: Protective measures could conflict with insurer solvency concerns, particularly in high-risk or economically challenged areas where companies operate at thin margins

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.