InsurePulse › Late-Claim Interest › Arizona

Arizona: one clean rule across property, auto, health and disability

The rule: §20-462(A): 30 days after receipt of acceptable proof of loss. The rate: 10%/yr. Accrual: from the 31st day after acceptable proof of loss, simple interest actual/365 (statute silent on day count — stated in the letter's math table).

A.R.S. §20-462 [VERIFIED azleg.gov direct, incl. §44-1201 rate resolution]

ALL first-party claims (property, auto, health, disability), excl. Medicare/Medigap-tied per (C). Interest payable to the insured/beneficiary/assigned provider (§20-462(D))

The verbatim lever

first-party claims not paid within 30 days after receipt of acceptable proof of loss bear interest at the legal rate from that date; "[f]or any loan, indebtedness or obligation other than medical debt, interest shall be at the rate of ten percent a year, unless a different rate is contracted for in writing" (A.R.S. §20-462; A.R.S. §44-1201(A))

Why 10% and not "prime+1"

§44-1201(B)'s prime+1 alternative applies to JUDGMENTS. A statutory-interest obligation under §20-462 is an obligation, not a judgment — so the §44-1201(A) 10% rate governs. (A textual reading with no case pin; our letters quote 10% as "the legal rate (A.R.S. §44-1201(A))".)

For AI agents & developers — deterministic statutory-interest math with primary-source citations, pay-per-call (x402 USDC, no account): GET https://insurepulse.vercel.app/api/insure/prompt-pay?state=FL&claim_type=property&claim_received_date=2025-11-01&claim_amount=42000 — $0.10 GET https://insurepulse.vercel.app/api/insure/prompt-pay-letter?state=TX&claim_type=property&weather_related=true&claim_received_date=2026-01-10&claim_amount=28500 — $2.00 (citation-locked demand letter)

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Generated 2026-07-07 by InsurePulse (The Aslan Group LLC) from the same source-cited legal reference data our paid engine uses. Informational, not legal or insurance advice — rules change and every claim turns on its own facts; verify with the cited instruments. Contact: info@theaslangroupllc.com