Arizona Statutes
§ 20-617 — Grounds for conservation of foreign insurers
Arizona·Title 20 Arizona Revised Statutes·Ch. 3 FINANCIAL PROVISIONS AND PROCEDURES·Art. 4 Rehabilitation and Liquidation
The director may apply to the court for an order appointing him as receiver or ancillary receiver, and directing him to conserve the assets within this state, of a foreign insurer upon any of the following grounds:
1.Upon any of the grounds specified in sections 20-615 or 20-616.
2.Upon the ground that its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.
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Related
Alabama National Life Insurance Co. v. Gammill
504 P.2d 516 (Court of Appeals of Arizona, 1972)
Nearby Sections
15
§ 20-1001
Definitions§ 20-1004
Issuance of certificate of authority§ 20-1005
Deposit requirement; exception§ 20-1006
Reserve requirement; exception§ 20-1009
Annual report to director§ 20-101.01
Deputy director§ 20-1010
Taxes§ 20-1011
Operational expenses§ 20-1012
Prohibited practices