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.
A. Any domestic limited stock insurer formed and existing pursuant to section 20-708 which does not come within the provisions of section 20-708, subsection B, and which holds a valid certificate of authority as such an insurer, shall become a domestic life and disability reinsurer on the effective date of this article. If such reinsurer meets the requirements for a renewal certificate of authority under the provisions of this article, it shall have its authority renewed under such provisions beginning with the first certificate of authority renewal following the effective date of this article.
B. Any domestic limited stock insurer formed and existing pursuant to section 20-708 which comes within the provisions of section 20-708, subsection B, which holds a valid certificate of authority as such an insurer, but which was transformed into a domestic life and disability reinsurer by operation of the provisions of subsection D of section 20-210 shall be a domestic life and disability reinsurer, but shall continue to have such right and privilege to issue life and disability policies direct to the public as is provided in section 20-708. If such reinsurer meets the requirements for a renewal certificate of authority under the provisions of this article, it shall have its authority renewed under such provisions beginning with the first certificate of authority renewal following the effective date of this article.