reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-453 - Programs for purchase by policyholders of securities of insurance companies

20-453.
Programs for purchase by policyholders of securities of insurance companies
Notwithstanding the provisions of section 20-452 and notwithstanding any other provision of law,  domestic life insurers,  whether of the stock,  mutual,  fraternal or limited capital stock type,  shall not be prohibited from engaging in a program whereby the holders of their life insurance policies are offered the right from time to time to buy for cash or to exchange dividends on such policies or other policy values resulting therefrom for securities in domestic corporations engaged in or organized to engage in the insurance business,  but no such insurer shall engage in any such program unless the right to buy or the dividends or other policy values subject to exchange result from ownership of or are payable on account of a policy that from its inception is or that,  within a period of not to exceed six years from its issue date,  becomes a life insurance policy on a permanent plan other than term. From and after being placed on such permanent plan,  every such policy shall be in full compliance with sections 20-1231 and 20-1231.01 (standard nonforfeiture law) computed as from the date of being placed on such permanent plan. No such offering shall be deemed to be exempt from title 44,  chapter 12.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-454 - Programs for purchase by policyholders of securities of companies not engaged in insurance

20-454.
Programs for purchase by policyholders of securities of companies not engaged in insurance
Notwithstanding the provisions of section 20-452 and notwithstanding any other provision of law,  domestic life insurers,  whether of the stock,  mutual,  fraternal or limited capital stock type that on January 1,  1955 are engaged pursuant to the requirements of title 44,  chapter 12 in a program whereby the holders of their life insurance policies are offered the right from time to time to buy for cash or to exchange dividends on such policies or other policy values resulting therefrom for securities in domestic corporations neither engaged in nor organized to engage in the insurance business shall be permitted,  subject to the requirements of title 44,  chapter 12,  to continue to engage in such program notwithstanding the adoption of this title,  but no such insurer shall so engage unless the right to buy or the dividends or other policy values subject to exchange result from ownership of or are payable on account of a policy that from its inception is or that,  within a period of not to exceed six years from its issue date,  becomes a life insurance policy on a permanent plan other than term. From and after being placed on such permanent plan,  every such policy shall be in full compliance with sections 20-1231 and 20-1231.01 (standard nonforfeiture law),  computed as from the date of being placed on such permanent plan. No such program shall be engaged in by the insurer subsequent to January 1,  1960,  except that any such insurer may,  subject to title 44,  chapter 12,  cause to be delivered stock in such corporation for an indefinite period subsequent to such limiting date if the right to acquire the stock arises as a result of a policy actually issued and delivered prior to such date.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-455 - Interlocking ownership or management; multiple directorship

20-455.
Interlocking ownership or management;  multiple directorship
A. Any insurer may retain,  invest in or acquire the whole or any part of the capital stock of any other insurer or insurers,  or have a common management with any other insurer or insurers,  unless such retention,  investment,  acquisition or common management is inconsistent with any other provision of this title,  or unless by reason thereof the business of such insurers with the public is conducted in a manner which substantially lessens competition generally in the insurance business or tends to create a monopoly therein.
B. Any person otherwise qualified may be a director of two or more insurers which are competitors,  unless the effect thereof is to substantially lessen competition between insurers generally or tend to create a monopoly.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-456 - Cease and desist order for defined or prohibited practices; civil penalty

20-456.
Cease and desist order for defined or prohibited practices;  civil penalty
A. If after a hearing the director finds that the person charged has engaged or is engaging in any act or practice defined in or prohibited under this article as an illegal or unfair method of competition or an unfair or deceptive act or practice,  the director shall order the person to cease and desist from the proscribed acts or practices.
B. If the act or practice is a violation of section 20-443,  20-443.01,  20-444,  20-445,  20-446,  20-447,  20-448,  20-448.01,  20-448.02,  20-449,  20-451,  20-452 or 20-467,  chapter 27 of this title or a general business practice of committing or performing acts or omissions proscribed by sections 20-461,  20-468 and 20-469,  the director may also impose a civil penalty of not more than one thousand dollars for each act or violation but not to exceed an aggregate penalty of ten thousand dollars unless the person intentionally violates any section enumerated in this subsection,  in which case the director may impose a civil penalty of up to five thousand dollars for each act or violation but not to exceed an aggregate penalty of fifty thousand dollars in any six month period.
C. No order of the director pursuant to this section or order of a court to enforce it,  or holding of a hearing,  may in any manner relieve or absolve any person affected by the order or hearing from any other liability,  penalty or forfeiture under law.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-458 - Fraudulent statement in application; classification

20-458.
Fraudulent statement in application;  classification
Any life insurance producer,  examining physician or other person who knowingly makes a false or fraudulent statement or representation in or relative to an application for life or disability insurance,  or who makes any such statement to obtain a fee,  commission,  money or benefit is guilty of a class 2 misdemeanor.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-459 - Deferred dividends; life

20-459.
Deferred dividends;  life
On and after January 1,  1961,  no person shall make or issue or offer to make or issue any contract of life insurance or of life annuity which provides that any premiums,  dividends,  excess interest,  mortality savings,  gains from lapses,  loadings,  or earnings and accumulations therefrom,  be payable only to those of a group of policyholders who make premium payments to the end of any period of time in excess of one year.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-460 - Free choice of insurance producer

20-460.
Free choice of insurance producer
No casualty or property insurance company,  including any subsidiary of any such company,  may offer any insurance program in this state to exclusive insurance producers without offering the same insurance program through all of its other authorized insurance producers authorized for similar types of insurance coverage with the exception of employer-employee programs making use of central premium collection.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-462 - Timely payment of claims

20-462.
Timely payment of claims
A. From and after July 15,  1986 any first party claim not paid within thirty days after the receipt of an acceptable proof of loss by the insurer which contains all information necessary for claim adjudication shall be required to pay interest at the legal rate from the date the claim is received by the insurer. The interest shall be calculated on the amount the insurer is legally obligated to pay according to the terms of the insurance contract under which the claim is being submitted.
B. For purposes of determining whether the claim has been paid within thirty days,  the date of payment shall be deemed to have been received by the addressee on the date shown by the postmark or other official mark of the United States mail stamped on the payment envelope. If the receipt disputes the date where there is no mark or the mark is not legible,  the sender may establish the mailing or transfer date by competent evidence.
C. This section shall not apply to:
1. Claims submitted for payment under medicare,  title XVIII of the social security act (42 United States Code section 1301).
2. Claims submitted under a medicare supplement contract where,  according to the terms of the supplement contract,  claims will be based upon the amount paid by medicare.
3. The payment of a claim shall not be overdue during any period in which the insurer is unable to pay such claim because there is no recipient who is legally able to give a valid release for such payment,  or in which the insurer is unable to determine who is entitled to receive such payment,  if the insurer has promptly notified the claimant of such inability and has offered in good faith to promptly pay said claim upon determination of who is entitled to receive such payment.
4. Claims submitted to a person who is the processing agent for a foreign insurer or other person providing an insurance program for retirees residing in Arizona.
5. Claims denied in good faith within thirty days after receipt of acceptable proofs of loss.
D. This section shall apply only to claims that are to be paid by the insurer directly to the insured,  to a beneficiary named in the contract,  or to a provider who has been assigned the right to receive benefits under the contract by the insured.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-463.02 - Advanced driver assistance system; auto glass repair; notice; violations; civil penalties; definitions

20-463.02.
Advanced driver assistance system;  auto glass repair;  notice;  violations;  civil penalties;  definitions
A. If a vehicle is equipped with an advanced driver assistance system,  an auto glass repair or replacement facility that conducts glass repair,  replacement or recalibration shall inform the customer both:
1. If a recalibration of that system is required.
2. If a recalibration of that system is performed that it must meet or exceed the vehicle manufacturer's specifications.
B. An auto glass repair or replacement facility shall provide the customer with an itemized description of the work to be done on the vehicle.
C. An auto glass repair or replacement facility may not represent to a customer that the cost of a repair,  replacement or recalibration will be paid for entirely by the customer's insurer and at no cost to the customer unless the cost of the repair,  replacement or recalibration is fully covered as provided by the customer's insurance policy.
D. If a recalibration was not performed or not completed successfully,  the auto glass repair or replacement facility shall inform the customer and the customer's insurer electronically or in writing that the recalibration was not successful or was not performed and that the vehicle should be taken to a vehicle manufacturer's certified dealership or a qualified auto glass repair or replacement facility capable of performing the recalibration of an advanced driver assistance system that meets or exceeds the vehicle manufacturer's specifications.
E. An auto glass repair or replacement facility that conducts a recalibration for vehicle glass repair or replacement services on a vehicle equipped with an advanced driver assistance system:
1. Is not limited to vehicle glass,  tooling,  equipment or repair procedures dictated or recommended by the vehicle manufacturer.
2. Shall recalibrate the advanced driver assistance system to meet or exceed the vehicle manufacturer's specifications.
F. An auto glass repair or replacement facility may not bill or charge the customer or the customer's insurer for vehicle glass repair,  replacement or recalibration services that are not performed in accordance with the vehicle manufacturer's specifications.
G. A person who violates this section is subject to a civil penalty of $2, 500. A violation of this section is subject to enforcement pursuant to this article.
H. For the purposes of this section:
1. " Advanced driver assistance system"  means electronic systems that use automated technology,  such as sensors and cameras,  to detect nearby obstacles or driver errors and that respond to assist drivers to safely operate a vehicle.
2. " Recalibrate"  or " recalibration"  means to instruct a vehicle's advanced driver assistance system,  including internal computers,  to readjust targeted cameras,  sensors and other technology to function properly in accordance with the vehicle manufacturer's specifications.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-464 - Prohibiting payment for services to persons other than the assignee

20-464.
Prohibiting payment for services to persons other than the assignee
A. If an insured assigns to a health care provider performing services covered by the contract payment for benefits under a disability insurance contract,  a group disability insurance contract or a blanket disability insurance contract,  the contract does not prohibit assignments and the assignment is delivered to the insurer,  payment may be made only to the health care provider to whom payment has been assigned.
B. Notwithstanding chapter 4,  article 3 of this title,  this section applies to a service corporation.
C. This section applies to an insurer whether acting as an insurer or performing administrative services.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-465 - Fees; insurance producers; definition

20-465.
Fees;  insurance producers;  definition
A. An insurance producer shall not charge or receive any fee or service charge in addition to the premium in connection with the transaction of insurance,  unless both of the following apply:
1. The fee or service charge and the specific services for which it is charged are disclosed and agreed to in writing by the insured.
2. The amount of the fee or service charge is reasonably related to the cost of the service rendered and does not duplicate or increase any fee or service charge included in the insurer's rate filing pursuant to this title.
B. If after an examination and a hearing the director determines that an insurance producer has failed to comply with this section,  the director may order the insurance producer to refund all or part of the fee or service charge and may impose civil penalties as set forth in section 20-295. The insurance producer shall pay the costs of the examination from monies deposited with the director pursuant to section 20-159 regardless of the findings of the examination.
C. This section does not restrict or prohibit insurance producers from charging and collecting fees included in the insurer's rate filing pursuant to this title.
D. Notwithstanding subsection A of this section,  an insurance producer shall not charge or receive any fee or service charge in connection with the transaction of medicare supplement insurance.
E. This section does not apply to insurance producers transacting commercial insurance.
F. This section does not apply to surplus lines brokers transacting surplus lines insurance as set forth in article 5 of this chapter.
G. For the purposes of this section,  " commercial insurance"  means insurance that insures against the risks arising from business and commercial activity other than insurance maintained by a transportation network company driver under a private passenger automobile insurance policy.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-466.02 - Injunction; restitution; civil penalties; costs

20-466.02.
Injunction;  restitution;  civil penalties;  costs
A. On request by the director,  the attorney general may seek and obtain in an action in the superior court an injunction that prohibits a person from engaging in practices or doing any acts that violate section 20-463,  20-463.01 or 23-1028. The court may enter any order or judgment that is necessary to:
1. Prevent any act or practice that is unlawful under section 20-463,  20-463.01 or 23-1028.
2. Return any monies,  interest or real or personal property that was acquired by an act or practice that is unlawful under section 20-463,  20-463.01 or 23-1028.
B. An order of restitution may also include expenses incurred and paid by an insurer in connection with any medical evaluation or treatment services.
C. If the court finds that a person has violated section 20-463,  20-463.01 or 23-1028,  the attorney general on petition or complaint to the court may recover from that person on behalf of the state a civil penalty of not more than five thousand dollars for each violation.
D. In any action pursuant to this section,  the court may award the attorney general costs including reasonable attorney fees and investigative costs for the services rendered.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-466.03 - Notice of penalty for false or fraudulent claims; definition

20-466.03.
Notice of penalty for false or fraudulent claims;  definition
A. The claims forms provided by an insurer to an insured or any other person for filing a notice or making a claim in connection with a policy or contract issued by the insurer shall include in substance the following statement in at least twelve point type: " For your protection Arizona law requires the following statement to appear on this form. Any person who knowingly presents a false or fraudulent claim for payment of a loss is subject to criminal and civil penalties."
B. For the purposes of this section,  " claims form"  means any document supplied by an insurer to an insured,  claimant or other person that the insured,  claimant or other person is required to complete and submit in support of a claim for benefits.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-466.04 - Referrals to other licensing agencies; definition

20-466.04.
Referrals to other licensing agencies;  definition
A. The director shall forward to the appropriate licensing agency the name of any person who is convicted of,  enjoined from or penalized for violating section 20-463 or 23-1028. The director shall include any information the director believes is material to the case.
B. A person whose name is forwarded pursuant to subsection A of this section has no cause of action against the director and the department's employees and agents pursuant to any administrative appeal or judicial review.
C. For the purposes of this section,  " licensing agency"  means any state board,  commission,  department or agency that issues any occupational or professional license,  permit or registration and the state bar of Arizona.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-467 - Return premiums; penalties

20-467.
Return premiums;  penalties
All insurers and insurance producers shall comply with the requirements prescribed in sections 6-1415 and 6-1416. In addition to any penalty provided by law,  any insurer or insurance producer who fails to comply with the requirements prescribed in sections 6-1415 and 6-1416 is subject to the penalties prescribed in section 20-456.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-468 - Motor vehicle loss; policyholder choice of repair facility

20-468.
Motor vehicle loss;  policyholder choice of repair facility
A. For repair facilities other than glass repair facilities and subject to the rights of an insurer to receive notice of loss or claim consistent with the provisions of its policy,  a person in this state has the right to choose any repair facility for the repair of a motor vehicle loss. If an insurer provides information about a repair facility,  the insurer shall inform the person of this right at the same time as making the recommendation or providing the information. This section does not create a private right or cause of action to or on behalf of any person.
B. If an insured or claimant selects a repair facility to repair the insured's or claimant's motor vehicle in which the insurer owns an interest in that repair facility,  the adjuster for the motor vehicle shall not be employed by the repair facility or have any direct authority over that facility's recommendations or decisions relating to the repair of the insured's or claimant's motor vehicle.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-469 - Motor vehicle loss; choice of glass repair facility

20-469.
Motor vehicle loss;  choice of glass repair facility
Unless otherwise prescribed by contract,  a person in this state has the right to choose any glass repair facility for the repair of a loss relating to motor vehicle glass. If an insurer recommends or provides information about a glass repair facility,  the insurer shall inform the person of this right at the same time as making the recommendation or providing the information. This section does not create a private right or cause of action to or on behalf of any person. This section provides solely an administrative remedy to the director for any violation of this section.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-469.01 - Third party administrator; glass; violation; classification; definition

20-469.01.
Third party administrator;  glass;  violation;  classification;  definition
A. If a third party administrator recommends or provides information about a glass repair facility to a customer,  the third party administrator shall inform the person of the person's right prescribed in section 20-469 to choose any glass repair facility for the repair of the loss relating to motor vehicle glass at the same time as making the recommendation or providing information. An independent adjuster or a third party administrator's automotive physical damage appraiser or claims inspector for automotive glass repair or replacement work in connection with an inspection limited to automotive glass repair or replacement shall not recommend any particular glass repair facility.
B. This section shall not apply to any employee or insurance producer of an insurer.
C. This section shall not create a private right of action.
D. A person who knowingly violates this section is guilty of a petty offense for a first violation and,  notwithstanding section 13-802,  shall pay a fine of one thousand five hundred dollars for a second violation within eighteen months after a prior violation of this section and three thousand dollars for any subsequent violation within eighteen months after a prior violation of this section.
E. For the purposes of determining whether a defendant acted knowingly,  it may be presumed that the person had knowledge if the person was engaged in a regular and consistent pattern of the prohibited activity.
F. For the purposes of this section " third party administrator"  means any person who provides administrative service or adjusts or settles claims in connection with automobile glass repair insurance coverage.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-471 - Definition of insurance service charge; limit; prohibited use

20-471.
Definition of insurance service charge;  limit;  prohibited use
A. " Insurance service charge"  means any charge,  other than the insurance premium,  for the service of placing,  renewing,  approving or recording on the records and accounts of any mortgagee,  vendor,  holder or lender any substitution of insurers or change in insurance on the collateral security for a loan.
B. Except as provided in subsection C of this section,  it shall be unlawful for any mortgagee,  vendor,  holder or lender to charge an insurance company,  insurance agency,  borrower,  mortgagor or purchaser with payment of an insurance service charge.
C. An insurance service charge of eight dollars may be charged as a condition to acceptance of an insurance policy tendered to satisfy the requirements of a real estate mortgage contract when a mortgagee,  vendor,  holder or lender performs services in connection with this subsection,  as follows:
1. An insurance policy is tendered without an authorization signed by the borrower appointing the insurance producer tendering the policy attached thereto,  unless a prior authorization not revoked has been delivered to the lender.
2. An insurance policy is tendered without the borrower's mortgage loan number as assigned for payment identification or a legal description of the insured property printed in bold-faced type on the face of the policy.
3. An original,  a renewal or a replacement insurance policy is tendered less than ten days prior to an expiration date,  renewal date or continuous policy premium anniversary date,  or expiration of an insurance binder issued preliminary to issuance of a permanent policy.
4. An insurance policy is tendered by an agent other than an agent appearing on the records of the mortgagee as authorized to represent the borrower at any time during the term of such insurance other than within thirty days prior to the policy's expiration date,  renewal or continuous policy premium anniversary date.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-472 - Service charges in connection with insurance on collateral security prohibited when change of ownership

20-472.
Service charges in connection with insurance on collateral security prohibited when change of ownership
It is unlawful for a mortgagee to require the payment of any insurance service charge for services performed in changing of the mortgagee's records and accounts with regard to a change in ownership of the insured property held as security by the mortgagee and with regard to which the mortgagee issues a written beneficiary statement or assumption statement.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-473 - Obligation of mortgagee to furnish mortgagor copies of insurance policy

20-473.
Obligation of mortgagee to furnish mortgagor copies of insurance policy
Whenever the mortgagee or a person acting for the mortgagee,  by the terms of the mortgage agreement retains possession of the original policy of insurance insuring collateral security for a mortgage,  and the mortgagee or his agent has procured the issuance of the insurance,  then such mortgagee or his agent shall furnish the borrower,  mortgagor or purchaser with a copy of the insurance policy.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-474 - Service charges in connection with insurance on collateral security prohibited when mortgagee procures insurance

20-474.
Service charges in connection with insurance on collateral security prohibited when mortgagee procures insurance
When a mortgagee or his agent at the inception of the mortgage procures the issuance of insurance for the mortgagor then the mortgagor may substitute a replacement policy within one year after the inception of the original policy procured by the mortgagee and it shall be unlawful for the mortgagee to charge an insurance service charge for services performed in changing the mortgagee's records and accounts.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-475 - Reasonable requirements of security holder are valid

20-475.
Reasonable requirements of security holder are valid
Nothing in this article shall prevent a mortgagee,  lender,  vendor,  or holder from requiring insurance on the collateral security for a loan or exercising a reasonable privilege of approval or disapproval of the insurance provided for such purpose by the borrower,  mortgagor or purchaser.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-475.01 - Insurance on mortgaged property; disclosure of expiration date prohibited; exception

20-475.01.
Insurance on mortgaged property;  disclosure of expiration date prohibited;  exception
When a real property mortgage or a lending agreement in connection with a loan on real property provides that the mortgagor or borrower shall furnish insurance upon the mortgaged property,  the mortgagee,  assignee or creditor shall not disclose expiration dates or other policy information to other persons,  directly or indirectly,  for the purpose of permitting any person or persons to solicit the insurance or any renewal thereof without the consent of the policyholder in writing.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.04 - Statement filed by partnership, corporation or other group

20-481.04.
Statement filed by partnership,  corporation or other group
A. If the person required to file the statement referred to in section 20-481.02 is a partnership,  limited partnership,  syndicate or other group,  the director may require that the information required pursuant to section 20-481.03 shall be given with respect to each partner of such partnership or limited partnership,  each member of such syndicate or group and each person who controls such partner or member.
B. If any such partner,  member or person is a corporation or the person required to file the statement referred to in section 20-481.02 is a corporation,  the director may require that the information required pursuant to section 20-481.03 shall be given with respect to such corporation,  each officer and director of such corporation and each person who is directly or indirectly the beneficial owner of more than ten per cent of the outstanding voting securities of such corporation.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.05 - Material change of fact; filing amended statement; time

20-481.05.
Material change of fact;  filing amended statement;  time
If any material change occurs in the facts set forth in the statement filed with the director and sent to such insurer pursuant to sections 20-481.02 and 20-481.03,  an amendment setting forth such change,  together with copies of all documents and other material relevant to such change,  shall be filed with the director and sent to such insurer within two business days after the person learns of such change.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.06 - Use of other statements

20-481.06.
Use of other statements
If any offer,  request,  invitation,  agreement or acquisition referred to in section 20-481.02 is proposed to be made by means of a registration statement under the securities act of 1933 or in circumstances requiring the disclosure of similar information under the securities exchange act of 1934,  or under a state law requiring similar registration or disclosure,  the person required to file the statement referred to in section 20-481.02 may use the documents in furnishing the information provided in that statement.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.08 - Appointment of director as agent for service of process; forwarding of process; consent to jurisdiction

20-481.08.
Appointment of director as agent for service of process;  forwarding of process;  consent to jurisdiction
Any person who is not a resident,  domiciled in this state,  or authorized to do business in this state and who files a statement as required by section 20-481.02 shall be deemed to have:
1. Consented to the jurisdiction of the courts of this state for all actions arising under this article.
2. Appointed the director as the person's lawful agent for the purpose of accepting service of process in any action,  suit or proceeding that may arise under this article. Copies of all lawful process accepted by the director as an agent shall be transmitted by the director by registered or certified mail to the person at the person's last known address.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.09 - Registration of insurers; deadline

20-481.09.
Registration of insurers;  deadline
A. Every insurer that is authorized to do business in this state and that is a member of an insurance holding company system shall register with the director,  except a foreign insurer subject to registration requirements and standards adopted by statute or regulation in the jurisdiction of its domicile that are substantially similar to those contained in this article.
B. Any insurer that is subject to registration under this article shall register within fifteen days after the insurer becomes subject to registration and by March 31 of each year unless the director for good cause extends the time for registration.
C. The director may require any authorized insurer that is a member of an insurance holding company system that is not subject to registration under this section to furnish a copy of the registration statement,  the summary prescribed in section 20-481.10 or other information filed by such insurance company with the insurance regulatory authority of its domiciliary jurisdiction.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.11 - Exemption for nonmaterial items

20-481.11.
Exemption for nonmaterial items
A. No information need be disclosed on the registration statement filed under section 20-481.10 if such information is not material.
B. Unless otherwise prescribed by the director,  sales,  purchases,  exchanges,  loans or extensions of credit,  or investments,  involving one-half of one percent or less of an insurer's admitted assets as of December 31 next preceding shall not be deemed material. For the purposes of this subsection,  what is considered material does not apply to the group capital calculation or to the liquidity stress test framework.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.13 - Material changes; amended statement; time; reporting of dividends

20-481.13.
Material changes;  amended statement;  time;  reporting of dividends
A. Each registered insurer shall keep current the information required to be disclosed in its registration statement by reporting all material changes or additions on amendment forms provided by the director within fifteen days after the end of each month in which it learns of each such change or addition.
B. Subject to section 20-481.19,  each registered insurer shall report to the director all dividends and other distributions to shareholders within five business days following the declaration and at least ten business days before payment of the dividend or distribution.
C. The director may adopt rules that provide for an extension of the reporting times prescribed in subsections A and B of this section.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.16 - Alternative registration for an affiliate

20-481.16.
Alternative registration for an affiliate
The director may allow an insurer which is authorized to do business in this state and which is part of an insurance holding company system to register on behalf of any affiliated insurer which is required to register under section 20-481.09 and to file all information and material required.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.17 - Exemption by director

20-481.17.
Exemption by director
The provisions of sections 20-481.09 to 20-481.16,  inclusive,  relating to registration,  shall not apply to any insurer,  information or transaction if and to the extent that the director by rule,  regulation or order shall exempt the insurer,  information or transaction.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.18 - Disclaimer of affiliation or control; contents; effect on duty to register

20-481.18.
Disclaimer of affiliation or control;  contents;  effect on duty to register
A. Any person may file with the director a disclaimer of affiliation or control with any authorized insurer or such a disclaimer may be filed by such insurer or any member of an insurance holding company system.
B. The disclaimer shall fully disclose all material relationships and bases for affiliation or control between such person and such insurer as well as the basis for disclaiming such affiliation or control.
C. A disclaimer of affiliation shall be deemed to have been approved unless the director within thirty days following receipt of a complete disclaimer notifies the filing party that the disclaimer is disallowed. If the director disallows the disclaimer,  the disclaiming party may request an administrative hearing,  which shall be granted. The disclaiming party is not required to register under this section if the director approves the disclaimer or if the disclaimer is deemed to have been approved.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.19 - Extraordinary dividend or distribution; time; notice; approval by director; definition

20-481.19.
Extraordinary dividend or distribution;  time;  notice;  approval by director;  definition
A. No insurer subject to registration under section 20-481.09 shall pay an extraordinary dividend or make any other extraordinary distribution to its shareholders until thirty days after the director has received notice of the declaration thereof and has not within such period disapproved such payment,  or the director shall have approved such payment. Notice of the declaration shall be provided to the director no more than five business days after the declaration.
B. Notwithstanding any other law,  an insurer may declare an extraordinary dividend or distribution that is conditional on the approval of the director,  and such a declaration shall confer no rights on shareholders until the director has either approved the payment of such dividend or distribution or has not disapproved such payment within thirty days after the notice of such declaration has been received.
C. For the purposes of this section,  " extraordinary dividend or distribution"  includes any dividend or distribution of cash or other property whose fair market value together with that of other dividends or distributions made within the preceding twelve months exceeds the lesser of either ten per cent of such insurer's surplus as regards policyholders as of December 31 next preceding,  or the net gain from operations of such insurer,  if such insurer is a life insurer,  or the net income,  if such insurer is not a life insurer,  for the twelve month period ending December 31 next preceding,  but shall not include pro rata distributions of any class of the insurer's own securities.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.23 - Violations

20-481.23.
Violations
The following acts or omissions shall be deemed to be violations of this article:
1. The intentional failure to file or make any statement,  amendment or other material required to be filed pursuant to sections 20-481.02,  20-481.03,  20-481.04 and 20-481.05.
2. The effectuation or any attempt to effectuate an acquisition of control of,  divestiture of or merger with a domestic insurer that is subject to section 20-481.02 without the required approval of the director pursuant to section 20-481.07.
3. The intentional failure to file a registration statement or any amendment thereto required by this article within the time specified for such filing.
4. The payment of a dividend in violation of section 20-481.19.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.24 - Adequacy of surplus

20-481.24.
Adequacy of surplus
For purposes of this article,  in determining whether an insurer's surplus as regards policyholders is reasonable in relation to the insurer's outstanding liabilities and adequate to its financial needs,  the following factors shall be considered:
1. The size of the insurer as measured by its assets,  capital and surplus,  reserves,  premium writings,  insurance in force and other appropriate criteria.
2. The extent to which the insurer's business is diversified among the several lines of insurance.
3. The number and size of risks insured in each line of business.
4. The extent of the geographical dispersion of the insurer's insured risks.
5. The nature and extent of the insurer's reinsurance program.
6. The quality,  diversification and liquidity of the insurer's investment portfolio.
7. The recent past and projected future trend in the size of the insurer's investment portfolio.
8. The surplus as regards policyholders maintained by other comparable insurers.
9. The adequacy of the insurer's reserves.
10. The quality and liquidity of investments in affiliates. If in the judgment of the director the investment warrants it,  the director may treat any such investment as a disallowed asset for purposes of determining the adequacy of surplus as regards policyholders.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.27 - Recovery; liability

20-481.27.
Recovery;  liability
A. If an order for liquidation or rehabilitation of a domestic insurer has been entered,  the receiver appointed under that order has a right to recover on behalf of the insurer from any parent corporation,  holding company or person or affiliate that otherwise controlled the insurer the amount of distributions,  other than distributions of shares of the same class of stock,  paid by the insurer on its capital stock or to recover any payment in the form of a bonus,  termination settlement or extraordinary lump sum salary adjustment made by the insurer or its subsidiary to a director,  officer or employee if the distribution or payment is made at any time during the year preceding the petition for liquidation,  conservation or rehabilitation,  subject to the limitations of subsections B,  C and D.
B. No distribution is recoverable if the parent or affiliate shows that when paid the distribution was lawful and reasonable and that the insurer did not know and could not reasonably have known that the distribution might adversely affect the ability of the insurer to fulfill its contractual obligations.
C. A person who was a parent corporation or holding company or a person who otherwise controlled the insurer or affiliate at the time the distributions were paid is liable up to the amount of the distributions or payments the person received. A person who otherwise controlled the insurer at the time the distributions were declared is liable up to the amount of distributions he would have received if they had been paid immediately. If two or more persons are liable with respect to the same distributions,  they are jointly and severally liable.
D. The maximum amount recoverable under this section is the amount needed in excess of all other available assets of the impaired or insolvent insurer to pay the contractual obligations of the impaired or insolvent insurer and to reimburse any guaranty funds.
E. To the extent that a person liable under subsection C is insolvent or otherwise fails to pay claims due from it,  its parent corporation or holding company or a person who otherwise controlled it at the time the distribution was paid is jointly and severally liable for a resulting deficiency in the amount recovered from the parent corporation or holding company or person who otherwise controlled it.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.28 - Insurer's license; revocation; suspension; nonrenewal

20-481.28.
Insurer's license;  revocation;  suspension;  nonrenewal
If it appears to the director that a person has committed a violation of this article which makes the continued operation of an insurer contrary to the interests of policyholders or the public,  the director,  after giving notice and an opportunity to be heard,  may suspend,  revoke or refuse to renew the insurer's license or authority to do business in this state for a period he finds is required for the protection of policyholders or the public. The director shall accompany this determination by specific findings of fact and conclusions of law.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.29 - Injunctions; prohibitions against voting securities; sequestration of voting securities

20-481.29.
Injunctions;  prohibitions against voting securities;  sequestration of voting securities
A. If it appears to the director that an insurer or a director,  officer,  employee or agent has committed or is about to commit a violation of this article or of a rule adopted or order issued by the director,  the director may apply to the superior court in the county in which the principal office of the insurer is located for an injunction and for other equitable relief as the case and the interest of the insurer's policyholders,  creditors and shareholders or the public may require. If the insurer has no office in this state,  the director may apply to the superior court in Maricopa county.
B. No security that is the subject of any agreement or arrangement regarding acquisition or that is acquired or to be acquired,  in contravention of the provisions of this article or of any rule adopted or order issued by the director may be voted at any shareholder's meeting or may be counted for quorum purposes. Any action of shareholders requiring the affirmative vote of a percentage of shares may be taken as though these securities were not issued and outstanding. No action taken at any meeting may be invalidated by the voting of these securities unless the action would materially affect control of the insurer or unless the courts of this state have so ordered. If an insurer or the director has reason to believe that any security of the insurer has been or is about to be acquired in contravention of the provisions of this article or of any rule adopted or order issued by the director,  the insurer or the director may apply to the superior court in the county in which the insurer has its principal place of business to enjoin any offer,  request,  invitation,  agreement or acquisition made in violation of this article or any rule adopted or order issued by the director to enjoin the voting of any security so acquired,  to void any vote of the security already cast at any meeting of shareholders and for other equitable relief as the nature of the case and the interest of the insurer's policyholders,  creditors and shareholders or the public requires.
C. In any case in which a person has acquired or is proposing to acquire any voting securities in violation of this article or any rule adopted or order issued by the director,  the superior court in Maricopa county or the superior court in the county in which the insurer has its principal place of business,  on notice as the court deems appropriate and on the application of the insurer or the director,  may seize or sequester voting securities of the insurer owned directly or indirectly by that person and issue an order as is appropriate to effectuate the provisions of this article.
D. Notwithstanding any other provisions of law,  for the purposes of this section the situs of the ownership of the securities of domestic insurers is deemed to be in this state.
2023 Arizona Revised Statutes › Title 20 - Insurance › § 20-481.30 - Judicial review; special action

20-481.30.
Judicial review;  special action
A. Notwithstanding section 20-166,  any person aggrieved by any act,  determination,  rule,  regulation or order or any other action of the director pursuant to this article may appeal to the superior court in Maricopa county. The court shall conduct its review without a jury and by trial de novo,  except that if all parties,  including the director,  so stipulate,  the review shall be confined to the record. Portions of the record may be introduced by stipulation into evidence in a trial de novo as to those parties so stipulating.
B. The filing of an appeal pursuant to this section shall stay the application of any such rule,  regulation,  order or other action of the director to the appealing party unless the court,  after giving such party notice and an opportunity to be heard,  determines that such a stay would be detrimental to the interest of policyholders,  shareholders,  creditors or the public.
C. Any person aggrieved by any failure of the director to act or make a determination required by this article may institute proceedings for a special action in the superior court in Maricopa county directing the director to act or make such determination.