Arizona’s Department of Insurance and Financial Institutions recently issued a Bulletin to address unpermitted entities that appear to be engaging in conduct that may require a permit issued by the Department under Arizona law. This Bulletin is intended to guide insurers on complying with Arizona Service Contract regulations.
The Department emphasizes that entities offering service contracts must obtain a service company permit.
The Department has observed a number of insurance contracts that include coverages for individual consumer products that meet the definition of a service contract under Arizona law. See A.R.S. § 20-1095(7). The coverages are being provided by insurers that have not obtained the required permit to offer service contracts. See A.R.S. § 20-1095.01.
Full Bulletin: https://difi.az.gov/sites/default/files/RegulatoryBulletin2025-03_ServiceContracts.pdf

