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 applies to an insurer or producer transacting credit property insurance.
B. All credit property insurance written in connection with credit transactions for personal, family or household purposes is subject to this article, except:
1. Insurance resulting from transactions involving extensions of credit primarily for business or commercial purposes.
2. Insurance on mobile homes.
3. Insurance written in connection with a credit transaction that is secured by a real estate mortgage or deed of trust.
4. Creditor-placed insurance.
5. Title insurance.
6. Nonrecording insurance.
7. Insurance purchased by a creditor after repossession or a similar event where the creditor gains possession of the property.
C. All credit property insurance issued or made effective relative to consumer lender loans under title 6, chapter 5 is subject to this article.
D. All other provisions of this title not inconsistent with this article apply to transaction of credit property insurance.