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.
DISCLAIMER
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.
A. This article is supplemental to any other laws of this state and does not preclude or limit any other powers or duties of the director.
B. The director may adopt rules to implement this article.
C. The director may exempt from the application of the RBC requirements of this article any domestic property and casualty insurer that does all of the following:
1. Writes direct business only in this state.
2. Writes direct annual premiums of two million dollars or less.
3. Assumes no reinsurance in excess of five per cent of the direct premiums written.
D. The director may exempt any health organization from the RBC requirements in this article if the health organization meets all of the following requirements:
1. The health organization writes direct business only in this state.
2. Not more than five per cent of the health organization's gross direct written premiums are attributable to reinsurance assumed from foreign insurers.
3. The health organization writes direct annual premiums for comprehensive medical business of two million dollars or less, or the health organization is a dental service corporation, optometric service corporation or prepaid dental plan organization that covers less than two thousand lives.