§ 20-2212 – Deficits; equitable assessments; premium tax credits
20-2212. Deficits; equitable assessments; premium tax credits A. On a determination that within the next one hundred eighty days thereafter the association will be unable to pay its outstanding lawful obligations as they mature in the regular course of business as shown by an excess of such lawful obligations over admitted assets, the association shall […]
§ 20-2213 – Initial assessment; temporary contribution by members
20-2213. Initial assessment; temporary contribution by members A. An initial assessment of up to five hundred dollars may be imposed by the director on every participating insurer of the association to defray the initial operating expenses of the plan. The initial assessment may be refunded by the association. B. If sufficient monies are not available […]
§ 20-2214 – Member participation in writings, expenses, servicing allowance, management fees and losses
20-2214. Member participation in writings, expenses, servicing allowance, management fees and losses All members of the association shall participate in its writings, expenses, servicing allowance, management fees and losses in the proportion that the net direct premium of each member, excluding that portion of a premium attributable to the operation of the association, written during […]
§ 20-2215 – Appeal by applicants to the association; order
20-2215. Appeal by applicants to the association; order Any applicant to the association or any person insured pursuant to this chapter, or their representatives, or any affected member may appeal to the director within thirty days after any ruling, action or decision by or on behalf of the association, with respect to those items defined […]
§ 20-2216 – Annual filing; contents
20-2216. Annual filing; contents Annually on or before January 1, the association shall file in the office of the director a statement which contains information with respect to its transactions, condition, operations and affairs during the preceding year. Such statement shall contain such matters and information as are prescribed and shall be in such form […]
§ 20-2217 – Annual examination by the director
20-2217. Annual examination by the director The director shall make an examination into the affairs of the association at least annually. The examination shall be conducted and the report filed in the manner prescribed in section 20-156.
§ 20-2218 – Costs; charge to the association
20-2218. Costs; charge to the association All reasonable and necessary costs incurred by the director pursuant to this chapter shall be charged to and immediately reimbursed by the association.
§ 20-2219 – Liability of the association
20-2219. Liability of the association There is no liability on the part of nor does any cause of action accrue against the association or its members, the director or his authorized representatives or any other person or organization for any acts or omissions made in good faith by them during any proceeding or concerning any […]
§ 20-2220 – Prohibition from membership in Arizona guaranty fund
20-2220. Prohibition from membership in Arizona guaranty fund The association shall not be a member of the Arizona guaranty fund nor shall that fund or this state or any of its political subdivisions be otherwise responsible for losses sustained by the joint underwriting association.
§ 20-2221 – Dissolution
20-2221. Dissolution Dissolution of the association, including its assets and liabilities, shall be accomplished under the supervision of the director.