Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 20. Insurance |
Chapter 3. FINANCIAL PROVISIONS AND PROCEDURES |
Article 3. Administration of Deposits |
Sec 20-584. Trust companies as depositaries
Latest version.
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Upon request of the insurer, the state treasurer may designate any solvent trust company or other solvent financial institution having trust powers domiciled in this state as the treasurer's depositary to receive and hold any such deposit. Any such deposit so held shall be at the expense of the insurer.