Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 20. Insurance |
Chapter 3. FINANCIAL PROVISIONS AND PROCEDURES |
Article 3. Administration of Deposits |
Sec 20-586. Rights of insurer during solvency
Latest version.
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As long as the insurer remains solvent and complies with this title it may:
1. Demand, receive, sue for and recover the income from the securities or cash deposited.
2. Exchange and substitute for the deposited cash or securities, or any part of the cash or securities, cash or eligible securities of equivalent or greater value.
3. Inspect, at reasonable times, any such deposit made in a form other than book entry.