20-395. Apportionment agreements among insurers
69 words·~1 min read·
/az/title-20/20-395A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Insurers may make agreements among themselves with respect to equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods, and such insurers may agree among themselves on the use of reasonable rate modifications for such insurance, with all such agreements and rate modifications subject to the approval of the director.