Arizona § 20-1559 Mortgage guaranty insurers; dividend payment

Arizona Statutes

§ 20-1559 — Mortgage guaranty insurers; dividend payment

Arizona § 20-1559

Title 20Arizona Revised Statutes

Ch. 6PARTICULAR TYPES OF INSURANCE

Art. 8.Mortgage Guaranty Insurance

This text of Arizona § 20-1559 (Mortgage guaranty insurers; dividend payment) 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. § 20-1559 (2026).

Text

A.Notwithstanding section 20-722, a domestic mortgage guaranty insurance company may pay dividends out of any available surplus monies if the mortgage guaranty insurance company continues to comply with the policyholder surplus and reserve requirements under this article.

B.The payment of a dividend by a domestic mortgage guaranty insurance company is subject to the requirements of section 20-481.19.

C.A domestic mortgage guaranty insurance company shall maintain sufficient liquidity.

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A. Notwithstanding section 20-722, a domestic mortgage guaranty insurance company may pay dividends out of any available surplus monies if the mortgage guaranty insurance company continues to comply with the policyholder surplus and reserve requirements under this article.

B. The payment of a dividend by a domestic mortgage guaranty insurance company is subject to the requirements of section 20-481.19.

C. A domestic mortgage guaranty insurance company shall maintain sufficient liquidity.