insurance; fraud unit; assessment; increase.

HB 4118 increases the annual assessment fee for insurers licensed to operate in Arizona from $1,050 to $1,350. This fee, collected from each insurer, funds the state's insurance fraud unit and its operations. The bill amends existing law to formalize this higher fee amount and specifies that collected funds go into a dedicated fraud unit assessment fund. The legislation directly affects all insurers authorized to transact business in Arizona, requiring them to pay the increased fee annually.