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Fiduciary Liability Insurance in Arizona

For an Arizona employer plan issued or renewed after December 31, 2018, the small-employer rule covers employers averaging 1–19 eligible employees in the prior calendar year; an employee must have been covered for at least three months, and a dependent must be a spouse or dependent child covered immediately before the event. If eligible, the employer generally gives notice within 30 days, with a 120-day election-and-payment period for incomplete, inaccurate or late notice. 2

What Is Fiduciary Liability?

Fiduciary liability can protect your company and plan fiduciaries when participants claim mishandling of an employee benefit plan. If you sponsor a retirement or health plan, check who is insured and whether both administration errors and fiduciary-breach claims are addressed. Read the national Fiduciary liability guide.

What to Watch for in Arizona

  • Small-Group Continuation Notices

    Section 20-2330 applies to an employer averaging at least 1 but fewer than 20 eligible employees in the preceding calendar year. The enrollee must be an employee covered for at least three months before the event; a qualified dependent must be a spouse or dependent child covered immediately before it. For eligible people, the employer's written notice is due within 30 days; a notice mailed to the last-known address and postmarked within 44 days also satisfies the statute. If notice is incomplete, inaccurate or late, the enrollee has 120 days to elect and pay. 2

  • Separate Notice And Discretionary Roles

    Section 20-2330 assigns continuation notices to the small employer, but that assignment alone does not identify every ERISA fiduciary. Federal status turns on functions such as discretionary plan administration or control of plan assets; list the notice contact separately from decision-makers and compare both groups with the policy's named insureds. 2,1

  • Repeat Notices When Premiums Change

    If an insurance renewal changes the continuation premium, the employer must notify the enrollee at least 30 days before the change using the same notice, election and payment process. Ask who sends that second notice and who updates the continuation-cost schedule. 2

Who Regulates Insurance in Arizona

Arizona Department of Insurance and Financial Institutions

Arizona DIFI regulates insurance companies and insurance professionals, including producers and surplus-lines brokers. Its license search covers both individual or business licensees and insurance companies, and its complaint page explains how to file with the Department. 3,4,5

Surplus-lines tax and stamping office

Reported tax rate: 3% of gross premium and taxable policy fees, less returns; stamping fee rate not verified When Arizona is the insured’s home state, the tax is 3% of gross premium and taxable policy fees, less returned premium; the statute excludes stamping fees from that tax base. For a multistate risk, Arizona’s share is allocated by exposure under the statute. Arizona's surplus-lines policy notice says these policies do not receive guaranty-fund protection. Current stamping-fee amount was not independently confirmed from readable current evidence and is omitted. 6,8,10,11

The Surplus Line Association of Arizona

  • Arizona has an exempt-commercial-purchaser search exception: A surplus-lines broker generally must make diligent effort to place an Arizona risk in the admitted market. For an exempt commercial purchaser, federal law removes that search only after the broker discloses the admitted-market protection difference and the purchaser then asks in writing for nonadmitted coverage. 7,9

Providers With Documented State Licenses

These providers publish a national listing for Fiduciary liability; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Arizona. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • CoalitionCoalition Insurance Solutions, Inc.Insurance producer, Surplus-lines broker · checked 2026-09-28Coalition’s license page lists producer and surplus-lines licenses for Coalition Insurance Solutions, Inc. in all 50 states and the District of Columbia. The page separately lists insurers; this record covers the brokerage entity only. 13
  • CorgiCorgi Insurance Services, Inc.Insurance producer · checked 2026-09-28Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability. 14

Questions to Ask Before You Buy in Arizona

  1. Who sends Arizona's 30-day continuation notice, and how will the team document a mailed notice postmarked within 44 days?
  2. Who checks whether federal continuation or Medicare eligibility removes a person from § 20-2330 before the notice is routed?
  3. If renewal changes the continuation premium, who gives the separate 30-day notice and updates the payment amount?
  4. Does the fiduciary quote name the people who exercise discretion over the plan, separately from the staff who send continuation notices?

Fiduciary Liability in Arizona: FAQ

How long does an Arizona employee have to elect small-group continuation coverage? 2

Usually 60 days after the election notice, if the employee had at least three months of prior plan coverage and the employer averaged 1–19 eligible employees in the preceding calendar year. A spouse or dependent child must have been covered immediately before the event. If the employer's notice is incomplete, inaccurate or late, the enrollee has 120 days to elect and pay. 2

Does Arizona continuation apply when federal COBRA is available or a person is Medicare-eligible? 2

No. Section 20-2330(G) excludes continuation when COBRA or Public Health Service Act continuation is available, and it does not apply to a person seeking continuation who is Medicare-eligible. 2

Fiduciary Liability in Other States

Other Coverage in Arizona

Sources

  1. 29 U.S.C. § 1002 — Definitions. Office of the Law Revision Counsel, U.S. House of Representatives; § 1002(21)(A): fiduciary status turns on discretionary authority/control over plan management or administration, asset authority/control, or compensated investment advice. Accessed 2026-09-28.
  2. Arizona Revised Statutes § 20-2330 — Continuation of small group coverage. Arizona Legislature; § 20-2330(A)–(E), (G), (H), (N)(1)–(4): plan scope, notice/election duties, exclusions, duration and definitions of enrollee, qualified dependent, qualifying event and small employer. Accessed 2026-09-28.
  3. Arizona Department of Insurance and Financial Institutions. Arizona Department of Insurance and Financial Institutions; Official agency homepage. Accessed 2026-09-28.
  4. License Search. Arizona Department of Insurance and Financial Institutions; Search for individual or business licensees and insurance companies; insurer surplus-lines eligibility links. Accessed 2026-09-28.
  5. File a Complaint. Arizona Department of Insurance and Financial Institutions; Department complaint information and filing destinations. Accessed 2026-09-28.
  6. A.R.S. § 20-416: Tax on surplus lines. Arizona State Legislature; Subsection C sets the surplus-lines tax at 3% of gross premiums and requires the broker to collect it from the insured. Accessed 2026-09-28.
  7. Arizona House Bill 2111, Chapter 38. Arizona Legislature; Arizona House Bill 2111 (amending § 20-408) and current A.R.S. § 20-410 policy notice; see statutory notice. Accessed 2026-09-28.
  8. 15 U.S.C. § 8205: Streamlined application for commercial purchasers. U.S. House of Representatives, Office of the Law Revision Counsel; Broker's due-diligence search exception for an exempt commercial purchaser requires prior disclosure that admitted-market insurance may offer greater protection/regulatory oversight and the purchaser's subsequent written request for nonadmitted placement. Accessed 2026-09-28.
  9. A.R.S. § 20-410: Validity, disclosure, policy fees. Arizona State Legislature; Subsection B requires surplus-lines notices to state insureds/claimants are ineligible for Arizona guaranty-fund protection for both foreign and domestic surplus-lines insurers; subsection C says taxes under § 20-416 apply to broker service fees. Accessed 2026-09-28.
  10. 15 U.S.C. § 8202: Regulation of nonadmitted insurance by insured's home State. U.S. House of Representatives, Office of the Law Revision Counsel; § 8202(a): nonadmitted placement is subject solely to insured's home-State requirements, except as otherwise provided; § 8201 addresses exclusive home-State tax authority. Accessed 2026-09-28.
  11. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  12. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  13. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  14. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  15. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  16. About Risklytics. Risklytics; What we do; Who we insure; Licensing; Agency licenses table dated 2026-09-10. Accessed 2026-09-16.
  17. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  18. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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