Authorization and Regulation of Insurers, first half

What this document is

Arizona Revised Statutes Title 20, Secs. 20-202 through 20-289 - Authorization and Regulation of Insurers, first half is a state statute published by Arizona State Legislature (azleg.gov). It is one of the Arizona documents that insurance license exam questions are written from, including arizona life & health, arizona property & casualty, arizona personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• A.R.S. Title 20 § 20-206 (Authority to Transact Insurance)

  “No such authority shall be required for an insurer, formerly so authorized, to enable it to investigate and settle losses under its policies lawfully written in this state, or to liquidate such assets and liabilities of the insurer, other than collection of new premiums, as has resulted from its...”

• A.R.S. Title 20 § 20-209 (Kinds of Insurance an Insurer May Transact)

  “1. A life insurer shall not be authorized to transact any other kind of insurance except disability, but if immediately prior to January 1, 1955 any life insurer lawfully held a subsisting certificate of authority granting it the right to transact in this state additional kinds of insurance other...”

• A.R.S. Title 20 § 20-207 (General Qualifications to Transact Insurance)

  “To qualify for and hold authority to transact insurance in this state an insurer shall be otherwise in compliance with the provisions of this title and with its charter powers, and shall be an incorporated stock insurer, an incorporated mutual insurer, a reciprocal insurer, or a Lloyd's association...”

• Ariz. Rev. Stat. § 20-209 (Kinds of insurance an insurer may transact)

  “A. An insurer which otherwise qualifies therefor may be authorized to transact any one kind or combination of kinds of insurance as defined in article 2 of this chapter, except that: 1. A life insurer shall not be authorized to transact any other kind of insurance except disability, but if...”

• Ariz. Rev. Stat. § 20-229 (Insurance producer; identification; exceptions)

  “A. An authorized insurer shall not issue a policy covering a subject of insurance resident, located or to be performed in this state unless the policy declaration page or endorsement identifies the name of the producer licensed for that line of authority in this state. B. Subsection A of this...”

• A.R.S. § 20-286(A)(4) (Licensure; lines of authority)

  “4. Casualty. Casualty insurance is coverage against legal liability, including liability for death, injury, disability or damage to real or personal property.”

• A.R.S. § 20-283(B)(8) (Exceptions to insurance producer licensing)

  “8. A person whose activities in this state are limited to providing a website or other electronic platform for insurers or insurance producers to sell insurance.”

• A.R.S. § 20-284(H) (Application for examination)

  “If an individual fails an examination for a specific line of authority four times, the individual may not take an examination for that line of authority for one year.”

• A.R.S. § 20-262(A) (Motor vehicle insurance policy; reduction of rate for older person completing accident prevention course; course requirements)

  “A. An insurer issuing motor vehicle liability insurance policies in this state may provide additional reductions in rates for motor vehicle personal injury and property damage coverage to an insured who: 1. Is at least fifty-five years of age. 2. Within the last three years has successfully...”

• A.R.S. § 20-239(B) (Electronic communications and records; applicability; definitions)

  “An insurer may deliver a notice or document by electronic means to a party pursuant to this section if the party electronically consents to that method of electronic delivery and has not withdrawn consent. A named insured that effectuates insurance transactions by electronic means shall be deemed...”

• A.R.S. § 20-240(A)(2)(b) (Electronic posting of policies; definitions)

  “For a period of five years after the insurer discontinues the policy or endorsement.”

• A.R.S. § 20-259 ("Vehicle insurance" defined)

  “insurance against loss of or damage to any land vehicle or aircraft or to property while contained therein or thereon or being loaded or unloaded therein or therefrom, from any hazard or cause, and against any loss, liability or expense resulting from or incident to ownership, maintenance or use of...”

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More Arizona sources

• Ariz. Rev. Stat. s. 20-443: Misrepresentations and false advertising of policiesState statute
• Ariz. Rev. Stat. s. 20-295: License denial, suspension, or revocation; civil penaltyState statute
• Ariz. Rev. Stat. ss. 20-448, 20-452: Unfair discrimination and rebatesState statute
• Ariz. Rev. Stat. ss. 20-1203 to 20-1210: Standard life insurance policy provisionsState statute
• A.R.S. Title 20, Chapter 2, Article 2 - Unfair Trade Practices (Secs. 20-441 through 20-462)State statute
• Arizona Revised Statutes Title 20, Chapter 1 - General Provisions (Secs. 20-101 through 20-191)State statute
• Arizona Revised Statutes Title 20, Secs. 20-1001 onward - Prepaid Dental Plan Organizations and Related EntitiesState statute
• Arizona Revised Statutes Title 20, Secs. 20-1101 onward - The Insurance ContractState statute