20-1098.16. Captive manager
81 words·~1 min read·
/az/title-20/20-1098-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A captive insurer shall engage a manager who shall maintain the books and records of the captive insurer’s business, transactions and affairs at a location that is in this state and that is accessible to the director. The captive manager shall promptly notify the director of any failure of the captive insurer to comply with this article. The director may require a captive insurer to discharge a captive manager for failure to substantively fulfill the captive manager’s duties under this article.