Arizona § 20-492.06 Civil penalties

Arizona Statutes

§ 20-492.06 — Civil penalties

Arizona § 20-492.06

Title 20Arizona Revised Statutes

Ch. 2TRANSACTION OF INSURANCE BUSINESS

Art. 16Corporate Governance

This text of Arizona § 20-492.06 (Civil penalties) 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. § 20-492.06 (2026).

Text

If an insurer fails without just cause to timely file the CGAD as required in this article, after notice and a hearing, the director may impose a civil penalty of $20 for each day's delay not to exceed $2,500. The director shall collect the civil penalty and deposit the monies in the state general fund.  The director may reduce the penalty if the insurer demonstrates to the director that the imposition of the penalty would constitute a financial hardship to the insurer.

Free access — add to your briefcase to read the full text and ask questions with AI

If an insurer fails without just cause to timely file the CGAD as required in this article, after notice and a hearing, the director may impose a civil penalty of $20 for each day's delay not to exceed $2,500. The director shall collect the civil penalty and deposit the monies in the state general fund. The director may reduce the penalty if the insurer demonstrates to the director that the imposition of the penalty would constitute a financial hardship to the insurer.