Arizona § 20-618 Grounds for conservation of alien insurers

Arizona Statutes

§ 20-618 — Grounds for conservation of alien insurers

Arizona § 20-618

Title 20Arizona Revised Statutes

Ch. 3FINANCIAL PROVISIONS AND PROCEDURES

Art. 4Rehabilitation and Liquidation

This text of Arizona § 20-618 (Grounds for conservation of alien 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. § 20-618 (2026).

Text

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 any alien 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 the insurer has failed to comply, within the time designated by the director, with an order made by him to make good an impairment of its trusteed funds.

3.Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.

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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 any alien 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 the insurer has failed to comply, within the time designated by the director, with an order made by him to make good an impairment of its trusteed funds.

3. Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere.