Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 20. Insurance |
Chapter 3. FINANCIAL PROVISIONS AND PROCEDURES |
Article 4. Rehabilitation and Liquidation |
Sec 20-643. Order to pay assessment
Latest version.
-
After levy of an assessment as provided in section 20-642, upon the filing of a further detailed report by the receiver the court shall issue an order directing each member, if a mutual insurer, or each subscriber, if a reciprocal insurer, if the member or subscriber has not paid the amount assessed against the member or subscriber to the receiver on or before a day specified in the order, to show cause why the member or subscriber should not be held liable to pay such assessment, together with costs as provided in section 20-645, and to show cause why the receiver should not have judgment therefor.