Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 20. Insurance |
Chapter 2. TRANSACTION OF INSURANCE BUSINESS |
Article 4.1. Open Competition Rates and Rating Organizations |
Sec 20-395. Apportionment agreements among insurers
Latest version.
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Insurers may make agreements among themselves with respect to equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods, and such insurers may agree among themselves on the use of reasonable rate modifications for such insurance, with all such agreements and rate modifications subject to the approval of the director.