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.
20-612 - Delinquency proceedings; jurisdiction; venue; nature of remedy; appeal
20-612. Delinquency proceedings; jurisdiction; venue; nature of remedy; appeal
A. The superior court is vested with exclusive original jurisdiction of delinquency proceedings under this article and is authorized to make all necessary and proper orders to carry out the purposes of this article.
B. The venue of delinquency proceedings against a domestic, foreign or alien insurer shall be in Maricopa county.
C. Delinquency proceedings pursuant to this article constitute the sole and exclusive method of liquidating, rehabilitating, reorganizing or conserving an insurer, and a court shall not entertain a petition for the commencement of such proceedings unless it has been filed in the name of the state on the relation of the director of the department of insurance and financial institutions.
D. An appeal shall lie to the supreme court from an order granting or refusing rehabilitation, liquidation or conservation and from every other order in delinquency proceedings having the character of a final order as to the particular portion of the proceedings embraced therein.