20-612. Delinquency proceedings; jurisdiction; venue; nature of remedy; appeal
156 words·~1 min read·
/az/title-20/20-612A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The superior court is vested with exclusive original jurisdiction of delinquency proceedings under this article and is authorized to make all necessary and proper orders to carry out the purposes of this article.
B. The venue of delinquency proceedings against a domestic, foreign or alien insurer shall be in Maricopa county.
C. Delinquency proceedings pursuant to this article constitute the sole and exclusive method of liquidating, rehabilitating, reorganizing or conserving an insurer, and a court shall not entertain a petition for the commencement of such proceedings unless it has been filed in the name of the state on the relation of the director of the department of insurance and financial institutions.
D. An appeal shall lie to the supreme court from an order granting or refusing rehabilitation, liquidation or conservation and from every other order in delinquency proceedings having the character of a final order as to the particular portion of the proceedings embraced therein.