Search
 
Commentary

Was Arizona agent negligent for not obtaining UM/UIM coverage?

An insured rejects uninsured motorist coverage and files suit for negligence against insurance agent in this Arizona Supreme Court case.

By Barry Zalma, Esq., CFE | Updated on August 03, 2016

In Arizona, like most states, a statute requires that an insurer offer each insured both Uninsured Motorist (UM) and Underinsured Motorist (UIM) Coverage.

The statute says that the coverage can be excluded only if the insured signs a document specifically rejecting the coverage. Insurers can prove compliance with the statute by having their insureds sign a form approved by the Arizona Department of Insurance (DOI) selecting or rejecting such coverage.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Bank & Capital Markets Tax Institute (BTI) 2024Event

BTI provides leading tax professionals from financial institutions with unmatched tools and resources.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.