Arizona § 20-516 Reserve standards

Arizona Statutes

§ 20-516 — Reserve standards

Arizona § 20-516

Title 20Arizona Revised Statutes

Ch. 3FINANCIAL PROVISIONS AND PROCEDURES

Art. 1Assets and Liabilities

This text of Arizona § 20-516 (Reserve standards) 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. § 20-516 (2026).

Text

An insurer shall maintain reserves that place a sound value on its liabilities under its policies, annuities and subscriber contracts. The reserves shall not be less than the amount, estimated and consistent with the provisions of this title, necessary to assure payment of the insurer's unpaid policyholder and contract holder obligations, whether those obligations are reported or reported together with the expenses of adjustment or settlement of the obligations.

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An insurer shall maintain reserves that place a sound value on its liabilities under its policies, annuities and subscriber contracts. The reserves shall not be less than the amount, estimated and consistent with the provisions of this title, necessary to assure payment of the insurer's unpaid policyholder and contract holder obligations, whether those obligations are reported or reported together with the expenses of adjustment or settlement of the obligations.