What information must an insurer provide upon policy delivery in Arizona?

An insurer is required to provide a policy summary and any endorsements upon the delivery of the policy to ensure that the policyholder understands the key elements of their coverage. The policy summary highlights important aspects such as coverage limits, deductibles, and any specific terms or conditions that may apply. Endorsements may include additional coverage options or changes to the standard policy terms. This transparency is crucial for policyholders, as it allows them to comprehend the scope of their insurance coverage fully, making informed decisions about their insurance needs.

Other options such as only providing the policy number or just the terms and conditions do not fulfill the necessary disclosure requirements meant to keep policyholders informed, while a verbal explanation alone might lack the details and documentation necessary for the insured to reference later.