Arizona § 20-621 Order of liquidation of domestic insurers

Arizona Statutes

§ 20-621 — Order of liquidation of domestic insurers

Arizona § 20-621

Title 20Arizona Revised Statutes

Ch. 3FINANCIAL PROVISIONS AND PROCEDURES

Art. 4Rehabilitation and Liquidation

This text of Arizona § 20-621 (Order of liquidation of domestic 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. § 20-621 (2026).

Text

A.An order to liquidate the business of a domestic insurer shall direct the receiver to take immediate possession of the property of the insurer, to liquidate its business, to deal with the insurer's property and business in the receiver's own name as receiver or in the name of the insurer, as the court may direct, and to give notice to all creditors who have claims against the insurer to present such claims.

B.The receiver may apply for and secure an order dissolving the corporate existence of a domestic insurer upon his application for an order of liquidation of the insurer or at any time after such order has been granted.

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

A. An order to liquidate the business of a domestic insurer shall direct the receiver to take immediate possession of the property of the insurer, to liquidate its business, to deal with the insurer's property and business in the receiver's own name as receiver or in the name of the insurer, as the court may direct, and to give notice to all creditors who have claims against the insurer to present such claims.

B. The receiver may apply for and secure an order dissolving the corporate existence of a domestic insurer upon his application for an order of liquidation of the insurer or at any time after such order has been granted.