public utility and corporation commission

This constitutional amendment (SCR 1016) renames the "Corporation Commission" to the "Arizona Public Utility and Corporation Commission" and adds term limits for commissioners (capping service at two consecutive terms). It clarifies the commission's authority to regulate utility rates, inspect corporations, issue business licenses (excluding insurers), and require annual registration fees from all corporations operating in Arizona. The amendment specifies that insurers will continue to be regulated by the Department of Insurance instead of this commission. These changes directly affect all businesses seeking to operate in Arizona and the commission members governing their oversight.