Arizona § 20-1096.04 Qualifications

Arizona Statutes

§ 20-1096.04 — Qualifications

Arizona § 20-1096.04

Title 20Arizona Revised Statutes

Ch. 4PARTICULAR TYPES OF INSURERS

Art. 12Mechanical Reimbursement Reinsurers

This text of Arizona § 20-1096.04 (Qualifications) 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. § 20-1096.04 (2026).

Text

The director shall not issue a certificate of authority to a mechanical reimbursement reinsurer unless all of the following conditions are met:

1.The applicant is a corporation incorporated under the laws of this state.

2.The applicant furnishes such proof as necessary to the director that the directors and management of the reinsurer are competent and are capable of successfully managing its affairs in compliance with law.

3.The applicant makes the deposit as required by section 20-1096.06.

4.The applicant is in compliance and continues to be in compliance with all applicable laws.

5.The applicant pays the initial fee prescribed in section 20-167.

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The director shall not issue a certificate of authority to a mechanical reimbursement reinsurer unless all of the following conditions are met:

1. The applicant is a corporation incorporated under the laws of this state.

2. The applicant furnishes such proof as necessary to the director that the directors and management of the reinsurer are competent and are capable of successfully managing its affairs in compliance with law.

3. The applicant makes the deposit as required by section 20-1096.06.

4. The applicant is in compliance and continues to be in compliance with all applicable laws.

5. The applicant pays the initial fee prescribed in section 20-167.