20-1096.03. Surplus
34 words·~1 min read·
/az/title-20/20-1096-03·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A mechanical reimbursement reinsurer is required to have upon organization initial surplus in an amount not less than one-half of its minimum required capital stock and shall thereafter maintain one-half of the initial surplus.