20-502. Assets as deductions from liabilities
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/az/title-20/20-502A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Assets may be allowed as deductions from corresponding liabilities, and liabilities may be charged as deductions from assets, and deductions from assets may be charged as liabilities, in accordance with the form of annual statement applicable to such insurer as prescribed by the director, or otherwise in his discretion.