Arizona § 20-1117 Underwriters' and combination policies

Arizona Statutes

§ 20-1117 — Underwriters' and combination policies

Arizona § 20-1117

Title 20Arizona Revised Statutes

Ch. 5THE INSURANCE CONTRACT

Art. 1In General

This text of Arizona § 20-1117 (Underwriters' and combination policies) 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. § 20-1117 (2026).

Text

A.Two or more authorized insurers may jointly issue, and shall be jointly and severally liable on, an underwriters' policy bearing their names. Any one insurer may issue policies in the name of an underwriter's department and such policy shall plainly show the true name of the insurer.

B.Two or more insurers may, with the approval of the director, issue a combination policy which shall contain provisions substantially as follows:

1.That the insurers executing the policy shall be severally liable for the full amount of any loss or damage, according to the terms of the policy, or for specified percentages or amounts thereof, aggregating the full amount of insurance under the policy.

2.That service of process, or of any notice or proof of loss required by such policy, upon any of the i

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A. Two or more authorized insurers may jointly issue, and shall be jointly and severally liable on, an underwriters' policy bearing their names. Any one insurer may issue policies in the name of an underwriter's department and such policy shall plainly show the true name of the insurer.

B. Two or more insurers may, with the approval of the director, issue a combination policy which shall contain provisions substantially as follows:

1. That the insurers executing the policy shall be severally liable for the full amount of any loss or damage, according to the terms of the policy, or for specified percentages or amounts thereof, aggregating the full amount of insurance under the policy.

2. That service of process, or of any notice or proof of loss required by such policy, upon any of the insurers executing the policy, shall constitute service upon all such insurers.

C. This section shall not apply to cosurety obligations.