The Arizona Department of Insurance regulates the insurance industry in Arizona, aiming to protect consumers and ensure a fair marketplace. Established in 1907, it oversees licensing, rate approval, consumer protection, and financial oversight of insurers. The department provides resources such as a consumer hotline, educational materials, and online tools to assist residents with their insurance needs. It also enforces regulations outlined in the Arizona Revised Statutes to maintain industry standards and prevent excessive pricing.
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