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.
20-558 - Investment company or trust; mutual funds
20-558. Investment company or trust; mutual funds
An insurer may invest in the securities of any open end management type investment company, investment trust or mutual fund registered with the United States securities and exchange commission or in a common trust fund of a bank regulated by a federal or state agency within the limitations prescribed by this article if the investments held by the investment company or common trust fund, if added to the assets of the insurer on a basis that is in the same proportion that the shares of the investment company or investments in a common trust fund held by the insurer bear to all of the shares of the investment company or investments in a common trust fund outstanding, would not cause the insurer to exceed the limitations contained in this article.