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Code · Arizona · Title 20 — Infants and Incompetents

20-1559. Mortgage guaranty insurers; dividend payment

70 words·~1 min read·/az/title-20/20-1559

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. Notwithstanding section 20-722, a domestic mortgage guaranty insurance company may pay dividends out of any available surplus monies if the mortgage guaranty insurance company continues to comply with the policyholder surplus and reserve requirements under this article.
B. The payment of a dividend by a domestic mortgage guaranty insurance company is subject to the requirements of section 20-481.19.
C. A domestic mortgage guaranty insurance company shall maintain sufficient liquidity.
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