32-2616. Qualifying party; responsibilities
130 words·~1 min read·
/az/title-32/32-2616A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. An applicant for an agency license shall have a qualifying party.
B. For a sole proprietorship, the qualifying party shall be the agency licensee.
C. For a partnership, corporation or limited liability company, the qualifying party shall be the individual who is liable for managing the agency. All other partners or corporate officers shall register as associates pursuant to article 3 of this chapter.
D. If the qualifying party lives outside this state, the qualifying party shall designate a resident manager who is a manager of the agency, who maintains full-time legal residency in this state and who meets the requirements of sections 32-2612 and 32-2613.
E. If required, the qualifying party shall maintain workers' compensation insurance and liability insurance in effect as prescribed by section 32-2613, subsection C.