commerce; 2024-2025.

This bill establishes a revolving fund for the Arizona Department of Insurance and Financial Institutions to finance fraud investigations and legal actions without those funds lapsing at the end of the fiscal year. It creates a dedicated fraud unit within the department, empowering its investigators with peace officer powers to examine documents, issue subpoenas, and pursue fraudulent insurance claims. Additionally, the legislation outlines procedures for sharing confidential information with other law enforcement agencies and allows the department to conduct independent investigations when insurers report potential fraud.