Credit: NATHAPHAT NAMPIX/Adobe Stock 'Creative Policy Drafting' Won't Allow Insurers to Evade Arizona Insurance Law, Says State Supreme Court
"Notwithstanding creative policy drafting intended to evade statutory requirements—including technical definitions of coverages and extensive limitation of liability clauses—insurers seeking to prevent insureds from stacking UIM coverages under a single, multi-vehicle policy must employ subsection (H)'s sole prescribed method for limiting stacking," stated Justice John R. Lopez IV, in his written opinion for the court.
August 17, 2023 at 05:24 PM
5 minute read
Insurance
The Arizona Supreme Court held that state law mandates that a single auto insurance policy that insures multiple vehicles provides different uninsured motorist coverages for each vehicle "notwithstanding creative policy drafting intended to evade statutory requirements."
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