Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 20. Insurance |
Chapter 2. TRANSACTION OF INSURANCE BUSINESS |
Article 1. Authorization of Insurers and General Requirements |
Sec 20-219. Mandatory revocation or suspension
Latest version.
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The director shall refuse to renew or shall revoke or suspend an insurer's certificate of authority:
1. If such action is required by any provision of this title, or
2. If the insurer no longer meets the requirements for the authority originally granted, on account of deficiency in assets or otherwise.