Arizona § 20-108.01 Extended warranty insurers; deposit with state treasurer; powers and duties; definition

Arizona Statutes

§ 20-108.01 — Extended warranty insurers; deposit with state treasurer; powers and duties; definition

Arizona § 20-108.01

Title 20Arizona Revised Statutes

Ch. 1GENERAL PROVISIONS

Art. 1Scope of Title

This text of Arizona § 20-108.01 (Extended warranty insurers; deposit with state treasurer; powers and duties; definition) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 20-108.01 (2026).

Text

A.Every extended warranty insurer shall deposit with the state treasurer and maintain on deposit for the benefit and protection of any person purchasing such extended warranty or guaranty in the event of insolvency of the extended warranty insurer under its contract with any such person either of the following:

1.A bond in the amount of $25,000 issued by an insurance company holding a current certificate of authority issued by the director.

2.Eligible securities as defined in section 20-583 having the lesser of par or market value of not less than $25,000.

B.The director may adopt rules and regulations to enforce this section.

C.For the purposes of this section, "extended warranty insurer" has the same meaning prescribed in section 20-108.

Free access — add to your briefcase to read the full text and ask questions with AI

A. Every extended warranty insurer shall deposit with the state treasurer and maintain on deposit for the benefit and protection of any person purchasing such extended warranty or guaranty in the event of insolvency of the extended warranty insurer under its contract with any such person either of the following:

1. A bond in the amount of $25,000 issued by an insurance company holding a current certificate of authority issued by the director.

2. Eligible securities as defined in section 20-583 having the lesser of par or market value of not less than $25,000.

B. The director may adopt rules and regulations to enforce this section.

C. For the purposes of this section, "extended warranty insurer" has the same meaning prescribed in section 20-108.