The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
20-481.13 - Material changes; amended statement; time; reporting of dividends
20-481.13. Material changes; amended statement; time; reporting of dividends
A. Each registered insurer shall keep current the information required to be disclosed in its registration statement by reporting all material changes or additions on amendment forms provided by the director within fifteen days after the end of each month in which it learns of each such change or addition.
B. Subject to section 20-481.19, each registered insurer shall report to the director all dividends and other distributions to shareholders within five business days following the declaration and at least ten business days before payment of the dividend or distribution.
C. The director may adopt rules that provide for an extension of the reporting times prescribed in subsections A and B of this section.