Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 20. Insurance |
Chapter 3. FINANCIAL PROVISIONS AND PROCEDURES |
Article 1. Assets and Liabilities |
Sec 20-508. Reserves for disability insurance
Latest version.
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For all disability insurance policies the insurer, in addition to claim reserves, shall maintain an active life reserve which shall place a sound value on its liabilities under such policies and be not less than the amounts that are necessary to assure payment of its policyholder obligations including reserves for unearned premiums.