Arizona § 20-2206 Approval of plan of operation

Arizona Statutes

§ 20-2206 — Approval of plan of operation

Arizona § 20-2206

Title 20Arizona Revised Statutes

Ch. 12JOINT UNDERWRITING ASSOCIATION

Art. 1General Provisions

This text of Arizona § 20-2206 (Approval of plan of operation) 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. § 20-2206 (2026).

Text

A.The plan of operation prepared pursuant to section 20-2205 is subject to approval by the director after consultation with the members of the association and other affected individuals and organizations. If the director disapproves all or any part of the proposed plan of operation, the directors of the association, within fifteen days, shall submit for review an appropriate revised plan of operation or a part of a revised plan. If the directors of the association fail to act, the director shall promulgate a plan of operation or a part of a plan, whichever is appropriate. The plan of operation approved or promulgated by the director becomes effective and operational on order of the director.

B.A plan of operation shall require the association to issue a claims-made policy. Pending the a

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A. The plan of operation prepared pursuant to section 20-2205 is subject to approval by the director after consultation with the members of the association and other affected individuals and organizations. If the director disapproves all or any part of the proposed plan of operation, the directors of the association, within fifteen days, shall submit for review an appropriate revised plan of operation or a part of a revised plan. If the directors of the association fail to act, the director shall promulgate a plan of operation or a part of a plan, whichever is appropriate. The plan of operation approved or promulgated by the director becomes effective and operational on order of the director.

B. A plan of operation shall require the association to issue a claims-made policy. Pending the approval of the plan of operation, the association shall designate a service company or service companies to bind the association for the coverage. The policies shall make provision for payment of dividends.