§ 20-413 – Placing of surplus lines coverage; endorsement by broker; list of unauthorized insurers; removal from list; definition
20-413. Placing of surplus lines coverage; endorsement by broker; list of unauthorized insurers; removal from list; definition A. A surplus lines broker shall not knowingly place any surplus lines coverage on behalf of an insured whose home state is Arizona with an unauthorized insurer, Lloyd’s association, insurance exchange or syndicate of an insurance exchange that […]
§ 20-401.07 – Premium receipts tax on industrial insureds contracting with unauthorized insurer; definitions
20-401.07. Premium receipts tax on industrial insureds contracting with unauthorized insurer; definitions A. Every industrial insured under a contract procured from an unauthorized insurer shall pay to the director for coverage on Arizona single-state risks or to the clearinghouse for coverage on multistate risks on or before the dates prescribed by in section 20-415 a […]
§ 20-414 – Records of surplus lines brokers
20-414. Records of surplus lines brokers Each surplus lines broker shall keep in the broker’s principal place of business a full and true record of each surplus lines contract procured by the broker under the license issued pursuant to this article. The director may examine the record at any time within three years after the […]
§ 20-402 – Validity of contracts
20-402. Validity of contracts A. The transaction of business in violation of section 20-401.01 by an insurer does not impair the validity of any act or contract of the insurer and does not prevent the insurer from defending any action at law or suit in equity in any court of this state, except that no […]
§ 20-415 – Statement of surplus lines insurance business transacted by broker; reporting periods; exception
20-415. Statement of surplus lines insurance business transacted by broker; reporting periods; exception A. Each surplus lines broker shall file with the director a statement of all surplus lines insurance business covering Arizona risks transacted by the broker during the period for which the statement is being filed. The statement shall be on a form […]
§ 20-403 – Service of process in an action by someone other than the director
20-403. Service of process in an action by someone other than the director A. The transaction of an insurance business in this state, as provided in section 20-106, by, or on behalf of, an unauthorized nonresident insurer shall be deemed to constitute an appointment by the insurer of the director and the director’s successors in […]
§ 20-404 – Exemptions
20-404. Exemptions Sections 20-403, 20-405 and 20-406 shall not apply to such transactions as are prescribed in section 20-401.01, paragraphs 1, 2, 3, 4, 5, 7 and 8, nor to any action or proceeding against an unauthorized insurer arising out of the following types of insurance where the policy or contract contains a provision designating […]
§ 20-405 – Prerequisites for participating in court action
20-405. Prerequisites for participating in court action Before an unauthorized insurer may initiate any action or proceeding in this state, the insurer shall procure a certificate of authority to transact insurance in this state, or deposit with the clerk of the court in which the action or proceeding is pending cash or securities, or file […]
§ 20-406 – Attorneys’ fees in action against insurer
20-406. Attorneys’ fees in action against insurer In any action against an unauthorized insurer pursuant to section 20-403, if the insurer has failed for thirty days after demand prior to the commencement of the action to make payment in accordance with the terms of the contract of insurance, and it appears to the court that […]
§ 20-401 – Definitions
20-401. Definitions In this article, unless the context otherwise requires: 1. " Affiliated" means, with respect to an insured, any entity that controls, is controlled by or is under common control with the insured. For the purposes of this paragraph, " control" means either: (a) Directly or indirectly acting through one or more other persons […]