20-581. Deposits of insurers
82 words·~1 min read·
/az/title-20/20-581A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The state treasurer shall accept and hold in trust, when made through the director, deposits of securities or funds by insurers as follows:
1. Deposits required for authority to transact insurance in this state.
2. Deposits of domestic, foreign or alien insurers when made pursuant to the laws of other states, provinces and countries as prerequisite for authority to transact insurance in such state, province or country.
3. Deposits in such additional amounts as are permitted to be made by section 20-587.