20-1086. Surplus
47 words·~1 min read·
/az/title-20/20-1086A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A life and disability reinsurer shall have on organization initial surplus in an amount not less than one-half of its minimum required capital stock and shall thereafter maintain one-half of such initial surplus.
B. This section does not apply to unaffiliated credit life and disability reinsurers.