Arizona § 20-1555 Loss reserve

Arizona Statutes

§ 20-1555 — Loss reserve

Arizona § 20-1555

Title 20Arizona Revised Statutes

Ch. 6PARTICULAR TYPES OF INSURANCE

Art. 8.Mortgage Guaranty Insurance

This text of Arizona § 20-1555 (Loss reserve) 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. § 20-1555 (2026).

Text

A mortgage guaranty insurance company shall compute and maintain adequate case basis and other loss reserves which accurately reflect loss frequency and loss severity and shall include components for claims reported and unpaid, and for claims incurred but not reported, including estimated losses on:

1.Insured loans which have resulted in the conveyance of property which remains unsold.

2.Insured loans in the process of foreclosure.

3.Insured loans in default for four months or for any lesser period which is defined as default for such purposes in the policy provisions.

4.Insured leases in default for four months or for any lesser period which is defined as default for such purposes in policy provisions.

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A mortgage guaranty insurance company shall compute and maintain adequate case basis and other loss reserves which accurately reflect loss frequency and loss severity and shall include components for claims reported and unpaid, and for claims incurred but not reported, including estimated losses on:

1. Insured loans which have resulted in the conveyance of property which remains unsold.

2. Insured loans in the process of foreclosure.

3. Insured loans in default for four months or for any lesser period which is defined as default for such purposes in the policy provisions.

4. Insured leases in default for four months or for any lesser period which is defined as default for such purposes in policy provisions.