20-617. Grounds for conservation of foreign insurers
68 words·~1 min read·
/az/title-20/20-617A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director may apply to the court for an order appointing him as receiver or ancillary receiver, and directing him to conserve the assets within this state, of a foreign insurer upon any of the following grounds:
1. Upon any of the grounds specified in sections 20-615 or 20-616.
2. Upon the ground that its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.