20-457. Premature disposal of premium notes prohibited
39 words·~1 min read·
/az/title-20/20-457A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer and its insurance producer shall not hypothecate, sell or dispose of a promissory note received in payment of any part of a premium on a policy of insurance applied for prior to the delivery of the policy.