SB 1007 — insurance; corporate governance; disclosure
Last action — signed by governor
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced December 19, 2018. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 R).
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Mixed recorded votes
2 passed, 1 failed in recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Bill Text
What changed in the latest version
38 added · 33 removedPlain-language change summary
The amended version of Bill SB 1007 now clarifies the signature requirements for the Corporate Governance Annual Disclosure (CGAD), affirming that it must be signed by the CEO or corporate secretary. Additionally, it emphasizes that insurers should report at the level where crucial risk management decisions are made and gives them the flexibility to determine their own reporting level. These changes are important because they ensure accountability in corporate governance while streamlining reporting requirements, ultimately aiming for better oversight of insurers' operations and risk management practices.
SB1007Chapter 0180 - 541R - S Ver of SB1007 Senate Engrossed State of Arizona Senate Fifty-fourth Legislature First Regular Session CHAPTER SENATE BILL 1007 AN ACT Amending title 20, chapter 2, Arizona Revised Statutes, by adding article 16;
6. A requirement that the national association of insurance commissioners or a third‑party consultant consent to intervention by an insurer in any judicial or administrative action in which the national association of insurance commissioners or a third‑party consultant may be required to disclose confidential information about the insurer shared with the national association of insurance commissioners or a third‑party consultant pursuant to this article.END_STATUTEarticle. START_STATUTE20-492.06. Civil penalties If an insurer fails without just cause to timely file the CGAD as required in this article, after notice and a hearing, the director may impose a civil penalty of $20 for each day's delay not to exceed $2,500.
END_STATUTE START_STATUTE20-492.06. Civil penalties If an insurer fails without just cause to timely file the CGAD as required in this article, after notice and a hearing, the director may impose a civil penalty of $20 for each day's delay not to exceed $2,500.
APPROVED BY THE GOVERNOR MAY 7, 2019.
FILED IN THE OFFICE OF THE SECRETARY OF STATE MAY 7, 2019.
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- Chaptered Chaptered Version Current html
- Engrossed Senate Engrossed Version html
- Introduced Introduced Version html
Action History
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signed by governor
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transmit to governor
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transmit to senate
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passed
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dp
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house placed on consent calendar
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dp
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house second reading
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house first reading.
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transmit to house
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passed
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dp
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senate second reading
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senate first reading
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prefiled.
Sponsors
- David Livingston · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 92 not signed on
Sponsors (1)
- David Livingston Republican
Co-sponsors (0)
None.
Not signed on (92)
92 members have not signed on to this bill.
Show all 92 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 44 | 0 | 0 | 0 |
| Republican | 12 | 0 | 0 | 0 |
| Democrat | 3 | 0 | 0 | 1 |
| Total | 59 | 0 | 0 | 1 |
| % of votes cast | 98% | 0% | 0% | 2% |
How each member voted (60)
Roll call published as PDF — view source.
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 6 | 0 | 0 | 0 |
| Democrat | 3 | 0 | 0 | 0 |
| Unaffiliated | 21 | 0 | 0 | 0 |
| Total | 30 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (30)
| Member | Party | Vote |
|---|---|---|
| Andrea Dalessandro | — | Yea |
| David Bradley | — | Yea |
| Eddie Farnsworth | — | Yea |
| Frank Pratt | — | Yea |
| Heather Carter | — | Yea |
| Jamescita Peshlakai | — | Yea |
| Juan Mendez | — | Yea |
| Karen Fann | — | Yea |
| Kate Brophy McGee | — | Yea |
| Lisa Otondo | — | Yea |
| Martin Quezada | — | Yea |
| Michelle B. Ugenti-Rita | — | Yea |
| Paul Boyer | — | Yea |
| Rebecca Rios | — | Yea |
| Rick Gray | — | Yea |
| Sean Bowie | — | Yea |
| Sine Kerr | — | Yea |
| Sonny Borrelli | — | Yea |
| Tony Navarrete | — | Yea |
| Tyler Pace | — | Yea |
| Victoria Steele | — | Yea |
| Lela Alston | Democrat | Yea |
| Lupe Contreras | Democrat | Yea |
| Sally Ann Gonzales | Democrat | Yea |
| David C. Farnsworth | Republican | Yea |
| David Gowan | Republican | Yea |
| David Livingston | Republican | Yea |
| J.D. Mesnard | Republican | Yea |
| Sylvia Allen | Republican | Yea |
| Venden "Vince" Leach | Republican | Yea |
Subjects
Frequently asked questions
- Who sponsors SB 1007?
- SB 1007 is sponsored by David Livingston (Republican).
- What is the current status of SB 1007?
- This bill has been enacted into law. Introduced December 19, 2018. Enacted.
- Where can I track SB 1007?
- Track SB 1007 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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