Arizona § 20-1094.01 Reserve requirements

Arizona Statutes

§ 20-1094.01 — Reserve requirements

Arizona § 20-1094.01

Title 20Arizona Revised Statutes

Ch. 4PARTICULAR TYPES OF INSURERS

Art. 10Domestic Life and Disability Reinsurer

This text of Arizona § 20-1094.01 (Reserve requirements) 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. § 20-1094.01 (2026).

Text

A.An unaffiliated credit life and disability reinsurer shall secure liabilities that are assumed under a reinsurance agreement subject to approval pursuant to this article in any of the following:

1.With funds withheld.

2.With funds that are maintained in a trust fund that complies with section 20-3603 and in an amount that is not less than one hundred ten percent of the amount of the liabilities assumed.

3.With clean, irrevocable and unconditional letters of credit that comply with section 20-3603, subsection B.

B.For the purposes of this section, the director shall value securities in the manner prescribed in sections 20-511 and 20-512.

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A. An unaffiliated credit life and disability reinsurer shall secure liabilities that are assumed under a reinsurance agreement subject to approval pursuant to this article in any of the following:

1. With funds withheld.

2. With funds that are maintained in a trust fund that complies with section 20-3603 and in an amount that is not less than one hundred ten percent of the amount of the liabilities assumed.

3. With clean, irrevocable and unconditional letters of credit that comply with section 20-3603, subsection B.

B. For the purposes of this section, the director shall value securities in the manner prescribed in sections 20-511 and 20-512.