Arizona § 20-1098.19 Establishment of branch captive insurer

Arizona Statutes

§ 20-1098.19 — Establishment of branch captive insurer

Arizona § 20-1098.19

Title 20Arizona Revised Statutes

Ch. 4PARTICULAR TYPES OF INSURERS

Art. 14Captive Insurers

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Bluebook

Ariz. Rev. Stat. Ann. § 20-1098.19 (2026).

Text

A.An alien captive insurer or foreign captive insurer may establish a business unit in this state and become licensed as a branch captive insurer in this state pursuant to this chapter to write insurance or reinsurance in this state except as provided in section 20-1098.01, subsection B and other than workers' compensation or employers' liability insurance.

B.A branch captive insurer shall not conduct any branch business in this state unless it maintains the principal place of business for its branch operations in this state.

C.A branch captive insurer shall be a pure captive insurer with respect to operations and minimum capitalization in this state unless otherwise permitted by the director.

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A. An alien captive insurer or foreign captive insurer may establish a business unit in this state and become licensed as a branch captive insurer in this state pursuant to this chapter to write insurance or reinsurance in this state except as provided in section 20-1098.01, subsection B and other than workers' compensation or employers' liability insurance.

B. A branch captive insurer shall not conduct any branch business in this state unless it maintains the principal place of business for its branch operations in this state.

C. A branch captive insurer shall be a pure captive insurer with respect to operations and minimum capitalization in this state unless otherwise permitted by the director.