Arizona § 20-1621 Scope of article

Arizona Statutes

§ 20-1621 — Scope of article

Arizona § 20-1621

Title 20Arizona Revised Statutes

Ch. 6PARTICULAR TYPES OF INSURANCE

Art. 10.Credit Property Insurance

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Bluebook

Ariz. Rev. Stat. Ann. § 20-1621 (2026).

Text

A.This article applies to an insurer or producer transacting credit property insurance.

B.All credit property insurance written in connection with credit transactions for personal, family or household purposes is subject to this article, except:

1.Insurance resulting from transactions involving extensions of credit primarily for business or commercial purposes.

2.Insurance on mobile homes.

3.Insurance written in connection with a credit transaction that is secured by a real estate mortgage or deed of trust.

4.Creditor-placed insurance.

5.Title insurance.

6.Nonrecording insurance.

7.Insurance purchased by a creditor after repossession or a similar event where the creditor gains possession of the property.

C.All credit property insurance issued or made effective relative t

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A. This article applies to an insurer or producer transacting credit property insurance.

B. All credit property insurance written in connection with credit transactions for personal, family or household purposes is subject to this article, except:

1. Insurance resulting from transactions involving extensions of credit primarily for business or commercial purposes.

2. Insurance on mobile homes.

3. Insurance written in connection with a credit transaction that is secured by a real estate mortgage or deed of trust.

4. Creditor-placed insurance.

5. Title insurance.

6. Nonrecording insurance.

7. Insurance purchased by a creditor after repossession or a similar event where the creditor gains possession of the property.

C. All credit property insurance issued or made effective relative to consumer lender loans under title 6, chapter 5 is subject to this article.

D. All other provisions of this title not inconsistent with this article apply to transaction of credit property insurance.