20-703. " Stock" insurer defined
A " stock" insurer is an incorporated insurer with capital divided into shares and owned by its shareholders.
Structure Arizona Revised Statutes
§ 20-101 - Department of insurance and financial institutions; definition
§ 20-102 - Definition of director
§ 20-103 - Definition of insurance; exceptions
§ 20-106 - Acts constituting the transaction of business; definition
§ 20-107 - Limitation on transaction of insurance; exception
§ 20-108 - Types of insurers excepted
§ 20-112 - Existing actions or violations
§ 20-113 - Construction of particular and general provisions
§ 20-114 - Violations; classification
§ 20-116 - Surety bonds; cash deposit as alternative
§ 20-118 - Prohibition; definitions
§ 20-120 - Payment bonds for third party intermediary entities; contract provisions; definitions
§ 20-121 - Health care exchange; abortion coverage; prohibition; exceptions
§ 20-122 - Health care sharing ministries; exemption from regulation; definition
§ 20-125 - Sending notices and correspondence
§ 20-126 - Annual medical loss ratio report; posting; definition
§ 20-145 - Evidentiary effect of certificate of authority
§ 20-147 - Assistant director; chief examiner; appointment; qualifications
§ 20-148 - Deputies and other employees; special services
§ 20-149 - Prohibition on certain activities by employees; conflict of interest
§ 20-150 - Delegation of director's authority
§ 20-151 - Issuance of orders and notices by director
§ 20-154 - Annual report; list of authorized insurers
§ 20-155 - Expenses of administration
§ 20-156 - Examination of insurers; financial surveillance fund; definition
§ 20-157 - Access and powers relating to insurers' records
§ 20-157.01 - Confidentiality of insurer's claim files and records; access by director; definition
§ 20-158 - Report of examinations by director; information sharing
§ 20-159 - Insurance examiners' revolving fund; definition
§ 20-160 - Powers of examination; witnesses; subpoenas; perjury
§ 20-162 - Demand for hearing; stay of order
§ 20-164 - Procedure upon hearing
§ 20-168 - Preparation and sale of publications
§ 20-169 - Supervision by director
§ 20-170 - Prohibited acts during sixty day period of supervision
§ 20-171 - Conservatorship; liquidation
§ 20-173 - Residence requirement; exemption for officer representing insurer
§ 20-181 - Mandated health coverage; report
§ 20-182 - Factors for assessing impact; certification of report
§ 20-183 - Report procedures and deadlines
§ 20-191 - Payment of premiums by mail; date of payment
§ 20-201 - "Alien" insurer defined
§ 20-202.01 - Stock insurer's initial free surplus defined
§ 20-202.02 - Mutual insurer's minimum required basic surplus defined
§ 20-202.03 - Mutual insurer's initial free surplus defined
§ 20-202.04 - Reciprocal insurer's required basic surplus defined
§ 20-202.05 - Reciprocal insurer's initial free surplus defined
§ 20-203 - "Domestic" insurer defined
§ 20-204 - "Foreign" insurer defined
§ 20-205 - "State," "United States" defined
§ 20-206 - Authority to transact insurance
§ 20-207 - General qualifications to transact insurance
§ 20-208 - Definition of guaranteed investment contract
§ 20-209 - Kinds of insurance an insurer may transact
§ 20-210 - Minimum required capital stock or basic surplus
§ 20-212 - Funds required to transact additional kinds of insurance
§ 20-213 - Deposit requirements
§ 20-214 - Financial requirements; escalator provisions
§ 20-215 - Application for certificate of authority
§ 20-216 - Issuance or refusal of certificate
§ 20-217 - Certificate of authority; term; termination; delivery upon termination or revocation
§ 20-218.01 - Appointment of a statutory agent
§ 20-218.02 - Change of known place of business or statutory agent
§ 20-219 - Mandatory revocation or suspension
§ 20-220 - Certificate of authority; refusal to renew; revocation or suspension; civil penalty
§ 20-220.01 - Hazardous financial condition; determination; order
§ 20-221 - Director as agent for service of process
§ 20-222 - Service of process; time to answer
§ 20-223 - Annual statement; payment of fees; penalty for failure to file or pay
§ 20-223.01 - Annual report of product liability insurer
§ 20-224 - Premium tax; reports
§ 20-224.01 - Additional premium tax; civil penalty
§ 20-224.02 - Credit for overpayment of tax
§ 20-224.03 - Premium tax credit for new employment
§ 20-224.04 - Affordable housing premium tax credit
§ 20-225 - Failure to pay tax; penalty; exception
§ 20-226 - Exclusive character of premium tax; exception
§ 20-227 - Disposition of tax proceeds
§ 20-228 - Exemption of insurers from general corporation reports and fees
§ 20-229 - Insurance producer; identification; exceptions
§ 20-231 - Transfer of domicile
§ 20-232 - Junior achievement program; exemption from licensure
§ 20-234 - Filing requirement; participation in the insurance regulatory information system
§ 20-235 - Insurers; financial disclosure; requirements
§ 20-237 - Failure to provide information; penalty
§ 20-238 - Health insurance; state regulation; rating areas; definitions
§ 20-239 - Electronic communications and records; applicability; definitions
§ 20-240 - Electronic posting of policies; definitions
§ 20-242 - Health insurers; provider networks; notice; options; definitions
§ 20-251 - Definitions not mutually exclusive
§ 20-252 - "Casualty insurance" defined
§ 20-253 - "Disability insurance" defined
§ 20-254 - "Life insurance" defined
§ 20-254.01 - "Annuities" defined
§ 20-255 - "Marine and transportation insurance" defined
§ 20-256 - "Property insurance" defined
§ 20-257 - "Surety insurance" defined
§ 20-258 - Multiple line insurers
§ 20-259 - "Vehicle insurance" defined
§ 20-259.02 - Coverage to include car pool operators and car pool vehicles; definitions
§ 20-259.03 - Uninsured and underinsured motorist coverages; insured; wrongful death recovery
§ 20-261 - Authorized reinsurance
§ 20-263 - Vehicle insurance; prohibited act by insurer; hearing; penalty
§ 20-264 - Automobile insurance; damaged safety equipment deductible optional; definition
§ 20-265 - Motor vehicle insurance; premium and fee comparisons and complaint ratios
§ 20-266 - Minimum liability policy; availability
§ 20-267 - Motor vehicle liability policies; monthly basis; fee
§ 20-268 - Motor vehicle subrogation
§ 20-270 - Residential property insurance; prohibited acts
§ 20-271 - Lienholders; proof; accidents; notice; applicability
§ 20-283 - Exceptions to insurance producer licensing
§ 20-284 - Application for examination
§ 20-285 - Application for license
§ 20-286 - Licensure; lines of authority
§ 20-287 - Nonresident licensing
§ 20-288 - Exemption from examination
§ 20-289 - Expiration; surrender; renewal
§ 20-289.01 - Inactive license or application status during military service
§ 20-290 - Insurance producer records; individual licensees
§ 20-291 - Service of process on nonresident licensees
§ 20-292 - Violation; injunctive relief
§ 20-293 - Insurance vending machines
§ 20-294 - Temporary licensing
§ 20-295 - License denial, suspension or revocation; civil penalty
§ 20-296 - Effect of suspension or revocation of license
§ 20-297 - Assumed business name; trade name
§ 20-299 - Sharing of information
§ 20-311 - Definition of managing general agent; exceptions; adjustment or payment of claims
§ 20-311.01 - Managing general agents; requirements
§ 20-311.02 - Requirements for managing general agent agreements
§ 20-321.01 - Licensing of adjusters; qualifications; exemption
§ 20-321.02 - Application of other laws
§ 20-331 - Rental car agents; definitions
§ 20-332 - Self-service storage agents; license; definitions
§ 20-336.01 - Scope and application of article
§ 20-336.02 - License required
§ 20-336.03 - Navigators; licensing
§ 20-336.04 - Certified application counselors; licensing
§ 20-336.05 - Enforcement; rules
§ 20-336.06 - Application of other laws
§ 20-340.02 - Bond of bail bond agents
§ 20-340.03 - Bail bond agent prohibitions
§ 20-340.04 - Bail recovery agent prohibitions; criminal records checks
§ 20-340.06 - Application of other laws
§ 20-341 - Purpose of insurance rate regulation
§ 20-342 - Scope and application of article
§ 20-357 - Filing of rating system; definition
§ 20-358 - Disapproval of rates
§ 20-359 - Deviations from filed workers' compensation rates
§ 20-361 - Licensing of rating organizations
§ 20-362 - Notice to director of changes in rating organization
§ 20-363 - Availability of services of rating organization to members
§ 20-365 - Cooperation in rate making
§ 20-366 - Appeal by member or subscriber from action relating to filings
§ 20-367 - Workers' compensation appeals board; composition
§ 20-367.01 - Appeals procedure
§ 20-368 - Advisory organizations
§ 20-369 - Joint underwriting or joint reinsurance
§ 20-370 - Examinations of rating organizations
§ 20-371 - Rate administration
§ 20-372 - Disclosure of information relating to rates
§ 20-373 - Commissions and fees
§ 20-374 - Revocation and suspension of licenses
§ 20-375 - Making of title insurance rates
§ 20-376 - Filing of title insurance rates; approval or disapproval
§ 20-377 - Justification for title insurance rates
§ 20-378 - Disapproval of title insurance filings
§ 20-379 - Deviations in title insurance rates
§ 20-382 - Scope of application
§ 20-386 - Filings open to inspection
§ 20-387 - Delegation of rate making and rate filing obligations
§ 20-388 - Disapproval of rates
§ 20-389 - Rate service organizations; license; application
§ 20-390 - Advisory organizations; filing with director
§ 20-391 - Joint underwriting and joint reinsurance organizations; filing with director
§ 20-392 - Rate agreements among insurers prohibited
§ 20-393 - Recording and reporting of experience
§ 20-395 - Apportionment agreements among insurers
§ 20-396 - Hearing and judicial review
§ 20-397 - Penalties; exception
§ 20-398 - Policy forms; approval or disapproval; exemption
§ 20-399 - Payment of dividends
§ 20-400 - Scope of provisions
§ 20-400.01 - Unjustified adjustments
§ 20-400.02 - Submittal of data comparing premiums charged to filed rates
§ 20-400.05 - Examiners and examination related expenses
§ 20-400.07 - Report of examination
§ 20-400.10 - Industrial insureds
§ 20-401.01 - Unlawful transaction of insurance business; exemptions
§ 20-401.02 - Violation; cease and desist orders; injunctive relief
§ 20-401.03 - Service of process in an action by the director
§ 20-401.05 - Certificate of exemption; definitions
§ 20-401.06 - Unauthorized transactions; classification
§ 20-402 - Validity of contracts
§ 20-403 - Service of process in an action by someone other than the director
§ 20-405 - Prerequisites for participating in court action
§ 20-406 - Attorneys' fees in action against insurer
§ 20-407 - Surplus lines; brokers
§ 20-408 - Report of broker; civil penalty
§ 20-409 - Recognized surplus lines
§ 20-410 - Validity of surplus lines insurance; disclosure; policy fees
§ 20-411 - Licensing of surplus lines broker; examination
§ 20-411.01 - Licensing of Mexican insurance surplus lines broker
§ 20-411.02 - Nonresident surplus lines broker; remittance of tax on insurance procured out of state
§ 20-412 - Acceptance of surplus lines business by broker
§ 20-414 - Records of surplus lines brokers
§ 20-416 - Tax on surplus lines
§ 20-416.01 - Collection and payment of tax on surplus lines; multistate agreement
§ 20-417 - Failure to remit tax; civil penalty; exception
§ 20-418 - Denial, revocation or suspension of license; civil penalty
§ 20-419 - Legal process against surplus lines insurer
§ 20-420 - Exemptions from surplus lines provisions
§ 20-421 - Access of director to records of person insured by unauthorized insurer
§ 20-422 - Alien insurance for coverage in Mexico
§ 20-441 - Purpose of article; definition
§ 20-442 - Unfair trade practices prohibited
§ 20-443 - Misrepresentations and false advertising of policies; false disclosure of compensation
§ 20-443.01 - Misrepresentation in sale of insurance; violation; classification
§ 20-443.02 - Stranger originated life insurance
§ 20-444 - False or deceptive advertising of insurance or status as insurer
§ 20-446 - Acts tending to result in unreasonable restraint or monopoly of insurance business
§ 20-447 - False financial statements or records
§ 20-448 - Unfair discrimination; definitions
§ 20-448.02 - Genetic testing; informed consent; definitions
§ 20-449 - Rebates on life or disability insurance
§ 20-451 - Rebates on other than life or disability insurance; definitions
§ 20-452 - Prohibited inducements
§ 20-452.01 - Designation of particular insurer or person transacting insurance prohibited
§ 20-452.03 - Evidence of nonviolation
§ 20-452.04 - Investigation by director of alleged violations
§ 20-453 - Programs for purchase by policyholders of securities of insurance companies
§ 20-455 - Interlocking ownership or management; multiple directorship
§ 20-456 - Cease and desist order for defined or prohibited practices; civil penalty
§ 20-457 - Premature disposal of premium notes prohibited
§ 20-458 - Fraudulent statement in application; classification
§ 20-459 - Deferred dividends; life
§ 20-460 - Free choice of insurance producer
§ 20-461 - Unfair claim settlement practices
§ 20-462 - Timely payment of claims
§ 20-463 - Fraud; injunction; penalties; restitution; definitions
§ 20-463.01 - Unlawful practices; auto glass repair; policyholders; insurers
§ 20-464 - Prohibiting payment for services to persons other than the assignee
§ 20-465 - Fees; insurance producers; definition
§ 20-466 - Fraud unit; investigators; peace officer status; powers; information sharing; assessment
§ 20-466.01 - Fraud; classification
§ 20-466.02 - Injunction; restitution; civil penalties; costs
§ 20-466.03 - Notice of penalty for false or fraudulent claims; definition
§ 20-466.04 - Referrals to other licensing agencies; definition
§ 20-467 - Return premiums; penalties
§ 20-468 - Motor vehicle loss; policyholder choice of repair facility
§ 20-469 - Motor vehicle loss; choice of glass repair facility
§ 20-469.01 - Third party administrator; glass; violation; classification; definition
§ 20-471 - Definition of insurance service charge; limit; prohibited use
§ 20-473 - Obligation of mortgagee to furnish mortgagor copies of insurance policy
§ 20-475 - Reasonable requirements of security holder are valid
§ 20-475.01 - Insurance on mortgaged property; disclosure of expiration date prohibited; exception
§ 20-476 - Violation; classification
§ 20-481.01 - Investment limitations; exemptions
§ 20-481.03 - Contents of statement
§ 20-481.04 - Statement filed by partnership, corporation or other group
§ 20-481.05 - Material change of fact; filing amended statement; time
§ 20-481.06 - Use of other statements
§ 20-481.07 - Approval and issues; notice; hearings
§ 20-481.09 - Registration of insurers; deadline
§ 20-481.11 - Exemption for nonmaterial items
§ 20-481.13 - Material changes; amended statement; time; reporting of dividends
§ 20-481.14 - Termination of registration
§ 20-481.15 - Consolidated registration by affiliates
§ 20-481.16 - Alternative registration for an affiliate
§ 20-481.17 - Exemption by director
§ 20-481.18 - Disclaimer of affiliation or control; contents; effect on duty to register
§ 20-481.19 - Extraordinary dividend or distribution; time; notice; approval by director; definition
§ 20-481.20 - Examination of registered insurers; powers; limits; expense
§ 20-481.21 - Confidential records; consent to release; release without consent; information sharing
§ 20-481.22 - Power to make rules
§ 20-481.24 - Adequacy of surplus
§ 20-481.26 - Penalties; cease and desist order; violation; classification
§ 20-481.27 - Recovery; liability
§ 20-481.28 - Insurer's license; revocation; suspension; nonrenewal
§ 20-481.30 - Judicial review; special action
§ 20-481.31 - Supervisory colleges
§ 20-481.32 - Management of domestic insurers subject to registration
§ 20-482.01 - Effect of reorganization
§ 20-482.02 - Required filings; approval by director and members
§ 20-482.03 - Required plan contents
§ 20-482.04 - Plan review and approval; general provisions; hearing
§ 20-482.06 - Concurrent reorganization with a domestic or foreign mutual insurer
§ 20-482.07 - Foreign mutual insurer reorganization; definition
§ 20-485.01 - Written agreement; provisions; maintenance of records
§ 20-485.02 - Administrator as intermediary between insurer and insured; right of action preserved
§ 20-485.03 - Maintenance of records; access; confidentiality; information sharing; examination
§ 20-485.04 - Advertising; approval
§ 20-485.05 - Inclusion of underwriting standards
§ 20-485.07 - Payment of claims on behalf of insurer
§ 20-485.08 - Delivery of written communications
§ 20-485.09 - Adjustment or settlement of claims or charges; compensation
§ 20-485.10 - Deposit or surety bond of administrators; amount; purpose
§ 20-486 - Definitions; director's list
§ 20-486.01 - Licensure of reinsurance intermediaries
§ 20-486.02 - Required contract provisions; reinsurance intermediary brokers
§ 20-486.03 - Books and records; reinsurance intermediary brokers
§ 20-486.04 - Duties of insurers utilizing the services of a reinsurance intermediary broker
§ 20-486.05 - Required contract provisions; reinsurance intermediary managers
§ 20-486.06 - Books and records; reinsurance intermediary managers
§ 20-486.07 - Prohibited acts; reinsurance intermediary managers
§ 20-486.08 - Duties of reinsurers utilizing the services of a reinsurance intermediary manager
§ 20-486.09 - Examination authority
§ 20-486.10 - Penalties and liabilities
§ 20-486.11 - Adoption of rules
§ 20-487.02 - Minimum standards
§ 20-488.01 - Risk-based capital reports
§ 20-488.02 - Company action level event
§ 20-488.03 - Regulatory action level event
§ 20-488.04 - Authorized control level event
§ 20-488.05 - Mandatory control level event
§ 20-488.07 - Confidentiality; information sharing
§ 20-488.08 - Supplemental provisions; rules; exemption
§ 20-488.09 - Foreign insurers
§ 20-489 - Violent crime control and law enforcement act; insurance business; rules
§ 20-489.01 - Application of other laws
§ 20-490.01 - Suspension of limitations period
§ 20-490.02 - Enforcement; civil penalty
§ 20-491.01 - Risk management framework required
§ 20-491.02 - ORSA requirement
§ 20-491.03 - Submission of ORSA summary report; requirements
§ 20-491.04 - Exemptions from article requirements; reports
§ 20-491.05 - ORSA summary report
§ 20-491.06 - Confidentiality of ORSA documents; allowable uses
§ 20-492.01 - Disclosure requirements
§ 20-492.02 - Rules and orders
§ 20-492.03 - Contents of corporate governance annual disclosure
§ 20-492.05 - Third-party consultants; confidentiality standards
§ 20-502 - Assets as deductions from liabilities
§ 20-503 - Assets not allowed as deductions from liabilities
§ 20-504 - Reporting assets not allowed
§ 20-506 - Unearned premium reserve
§ 20-507 - Unearned premium reserve for marine insurance
§ 20-508 - Reserves for disability insurance
§ 20-509 - Increase of inadequate reserves
§ 20-510 - Standard valuation law; operative date; definitions
§ 20-511 - Valuation of bonds; limitation
§ 20-512 - Valuation of other securities
§ 20-512.01 - Valuation of joint ventures, partnerships and limited liability companies
§ 20-513 - Valuation of real and personal property
§ 20-514 - Valuation of purchase money mortgages
§ 20-515 - Valuation of assets held in separate accounts
§ 20-517 - Report of acquisitions and dispositions
§ 20-518 - Acquisitions and dispositions of assets
§ 20-519 - Nonrenewals, cancellations or revisions of ceded reinsurance agreements
§ 20-532 - Eligible investments
§ 20-533 - Qualification of securities or property as eligible investments
§ 20-534 - Approval of investment
§ 20-535 - Limitation on percentage of assets invested with single person; exception
§ 20-536 - Investments; type; limitations
§ 20-536.01 - Separate accounts
§ 20-537 - Investment of funds in United States obligations; accounting
§ 20-539 - Federally guaranteed loans
§ 20-540 - Governmental revenue bonds and obligations; limitation; definitions
§ 20-541 - Improvement district obligations
§ 20-543 - Acceptances and bills of exchange
§ 20-544 - Corporate obligations
§ 20-545 - Preferred, guaranteed or preference stock
§ 20-547 - Equipment trust certificates
§ 20-548 - Obligations of receivers or trustees
§ 20-549 - Investments not otherwise authorized; limitations; appraisal; cost
§ 20-551 - Investments or deposits in financial institutions
§ 20-552.01 - Canadian investments; definition
§ 20-553 - Mortgages on real estate; definitions
§ 20-554 - Purchase money mortgages
§ 20-555 - Security agreements; definition
§ 20-558 - Investment company or trust; mutual funds
§ 20-559 - Investments of foreign and alien insurers
§ 20-560 - Derivative transactions; definitions
§ 20-562 - Insurer investments; partnerships; limited liability companies; limitations
§ 20-581 - Deposits of insurers
§ 20-582 - Purpose of deposits
§ 20-583 - Assets eligible for deposit
§ 20-584 - Trust companies as depositaries
§ 20-585 - Responsibility of state for safekeeping of deposits
§ 20-586 - Rights of insurer during solvency
§ 20-588 - Release of deposits
§ 20-589 - Levy upon deposits prohibited; exception
§ 20-612 - Delinquency proceedings; jurisdiction; venue; nature of remedy; appeal
§ 20-613 - Commencement of delinquency proceedings