Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 20. Insurance |
Chapter 2. TRANSACTION OF INSURANCE BUSINESS |
Article 5. Unauthorized Insurers |
Sec 20-411.02. Nonresident surplus lines broker; remittance of tax on insurance procured out of state
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A. The director shall license a nonresident person as a surplus lines broker in accordance with section 20-287.
B. Except as otherwise provided, a nonresident surplus lines broker is subject to this title as if the broker were licensed as a resident.
C. A license from this state is not required for a nonresident who procures surplus lines insurance in another state in which the nonresident is licensed solely because of the allocation of premium to this state to determine the surplus lines tax due to this state pursuant to section 20-416, subsection E. The nonresident shall remit the tax according to this article. The director shall prescribe the form of any reports or statements that are necessary for the nonresident to remit the tax.