Ariz. Admin. Code § 20-5-1514

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

Section R20-5-1514 - Claim Processing and Reserving

A. Self-Insurers and Third-Party Administrators shall ensure that claims are processed and benefits are paid in compliance with the Act and applicable administrative rules.

B. Self-Insurers and Third-Party Administrators shall adopt and adhere to industry-standard reserving practices and maintain claim reserves at the full undiscounted value of each claim, including related claim expenses.

Ariz. Admin. Code § R20-5-1514

New section made by final rulemaking at 28 A.A.R. 3435, effective 10/5/2022.