20-887. Examination of societies; limitation on disclosure
153 words·~1 min read·
/az/title-20/20-887A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The director or the director's designee may examine any domestic, foreign or alien society that is authorized or applying for authorization to transact business in this state in the same manner as prescribed by section 20-156.
B. The director shall not make public any financial statement, report or finding pending, during or after an examination or investigation of a domestic or foreign society. The director shall not make public any financial statement, report or finding affecting the status, standing or rights of the society until a copy of the statement, report or finding is served on the society at its home office and the society is afforded a reasonable opportunity to answer and make a showing in connection with the statement, report or finding.
C. On a statement from the director, the society shall pay for the expenses of each examination and valuation, including the compensation and actual expenses of the examiners.