Arizona § 20-544 Corporate obligations

Arizona Statutes

§ 20-544 — Corporate obligations

Arizona § 20-544

Title 20Arizona Revised Statutes

Ch. 3FINANCIAL PROVISIONS AND PROCEDURES

Art. 2Investments

This text of Arizona § 20-544 (Corporate obligations) 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. § 20-544 (2026).

Text

An insurer may invest in bonds, debentures, notes, commercial paper and other evidences of indebtedness issued, assumed or guaranteed by any solvent institution created or existing under the laws of the United States or of any state, district or territory of the United States, which are not in default as to principal or interest and which have received an investment grade rating approved by the director. The director shall by order after a hearing prescribe the investment grade rating and the recognized rating agencies for the purposes of this section. Private placement obligations which have not received an investment grade rating may be eligible for investment if the issuer has comparable outstanding obligations which have received an investment grade rating approved by the director. The

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An insurer may invest in bonds, debentures, notes, commercial paper and other evidences of indebtedness issued, assumed or guaranteed by any solvent institution created or existing under the laws of the United States or of any state, district or territory of the United States, which are not in default as to principal or interest and which have received an investment grade rating approved by the director. The director shall by order after a hearing prescribe the investment grade rating and the recognized rating agencies for the purposes of this section. Private placement obligations which have not received an investment grade rating may be eligible for investment if the issuer has comparable outstanding obligations which have received an investment grade rating approved by the director. The director shall prescribe standards by order after a hearing by which obligations of issuers which have not received an investment grade rating may be eligible for investment.