Arizona § 20-1542 Capital and surplus

Arizona Statutes

§ 20-1542 — Capital and surplus

Arizona § 20-1542

Title 20Arizona Revised Statutes

Ch. 6PARTICULAR TYPES OF INSURANCE

Art. 8.Mortgage Guaranty Insurance

This text of Arizona § 20-1542 (Capital and surplus) 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. § 20-1542 (2026).

Text

A.A mortgage guaranty insurance company shall not transact the business of mortgage guaranty insurance unless:

1.If a stock insurance company, it has paid in capital of at least one million dollars and paid in surplus of at least one million dollars.

2.If a mutual insurance company, it has a minimum initial surplus of two million dollars.

B.A stock company or a mutual company shall at all times thereafter maintain a minimum policyholders' surplus of at least one million five hundred thousand dollars.

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A. A mortgage guaranty insurance company shall not transact the business of mortgage guaranty insurance unless:

1. If a stock insurance company, it has paid in capital of at least one million dollars and paid in surplus of at least one million dollars.

2. If a mutual insurance company, it has a minimum initial surplus of two million dollars.

B. A stock company or a mutual company shall at all times thereafter maintain a minimum policyholders' surplus of at least one million five hundred thousand dollars.