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.
20-559 - Investments of foreign and alien insurers
20-559. Investments of foreign and alien insurers
A. Foreign and alien insurers transacting insurance in this state shall have assets of the same general character and quality, and have invested in home office real property as permitted under paragraph 1 of section 20-556, all as specified in this article for domestic insurers, except that other investments authorized by the law of such an insurer's state or country of domicile may be recognized as assets in the discretion of the director.
B. A foreign insurer domiciled in a state that requires insurers domiciled in this state to invest in the securities of such state a stipulated percentage or amount of its reserves under its policies in force in such state, shall likewise be required to invest in similar securities of this state a like percentage or amount of its reserves under its policies in force in this state, and shall from time to time furnish proof of such investments as required by the director.