Arizona § 20-395 Apportionment agreements among insurers

Arizona Statutes

§ 20-395 — Apportionment agreements among insurers

Arizona § 20-395

Title 20Arizona Revised Statutes

Ch. 2TRANSACTION OF INSURANCE BUSINESS

Art. 4.Open Competition Rates and Rating Organizations

This text of Arizona § 20-395 (Apportionment agreements among insurers) 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. § 20-395 (2026).

Text

Insurers may make agreements among themselves with respect to equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods, and such insurers may agree among themselves on the use of reasonable rate modifications for such insurance, with all such agreements and rate modifications subject to the approval of the director.

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Insurers may make agreements among themselves with respect to equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods, and such insurers may agree among themselves on the use of reasonable rate modifications for such insurance, with all such agreements and rate modifications subject to the approval of the director.