Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 20. Insurance |
Chapter 4. PARTICULAR TYPES OF INSURERS |
Article 2. Reciprocal Insurers |
Sec 20-783. Liability of subscriber on judgment against insurer
Latest version.
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A. No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for thirty days.
B. Any such judgment shall be binding upon each subscriber only in such proportion as his interests may appear and in an amount not exceeding his contingent liability, if any.