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Arizona Revised Statutes - Title 20 Insurance - Chapter 22 Life Settlements (Eff. 10/1/13)

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  • 20-3201 - Definitions
    (Eff. 10/1/13) In this chapter, unless the context otherwise requires: 1. "Advertising" means any written, electronic or printed communication or any communication by means of...
  • 20-3202 - Licensure; requirements
    (Eff. 10/1/13) A. Except as otherwise provided in this section, a person shall not act as a provider or broker with any owner who is...
  • 20-3203 - Contract requirements
    (Eff. 10/1/13) A. A person may not use any form of life settlement contract in this state unless it is filed with and, if required,...
  • 20-3204 - Provider and broker disclosures to owners; violation; classification
    (Eff. 10/1/13) A. The provider or broker shall provide in writing the following information, in a separate document that is signed by the owner and...
  • 20-3205 - Privacy
    (Eff. 10/1/13) Except as otherwise provided by law, a provider, broker, insurance company, insurance producer or any other person with actual knowledge of an insured's...
  • 20-3206 - Rule making; examinations
    (Eff. 10/1/13) A. The director may adopt rules reasonably necessary to regulate life settlements and transactions consistent with the provisions of this chapter. B. The...
  • 20-3207 - Conduct of examinations; examination reports; confidentiality
    (Eff. 10/1/13) A. The director may investigate suspected fraudulent life settlement acts and persons engaged in the business of life settlements. B. After determining that...
  • 20-3208 - Conflict of interest; examiners
    (Eff. 10/1/13) A. The director may not appoint an examiner if the examiner, either directly or indirectly, has a conflict of interest or is affiliated...
  • 20-3209 - Immunity from liability
    (Eff. 10/1/13) A. The director, the director's authorized representatives or any examiner appointed by the director is not liable for any statements made or conduct...
  • 20-3210 - Annual statements; record retention
    (Eff. 10/1/13) A. Each licensed provider shall file with the director on or before March 1 of each year an annual statement in a form...
  • 20-3211 - Contract requirements; execution; rescission; definition
    (Eff. 10/1/13) A. A provider entering into a life settlement contract with any owner of a policy in which the insured is terminally ill shall...
  • 20-3212 - Scope of chapter
    (Eff. 10/1/13) This chapter does not: 1. Preempt the authority or relieve the duty of other law enforcement or regulatory agencies to investigate, examine and...
  • 20-3213 - Applicability
    (Eff. 10/1/13) A. A provider lawfully transacting business in this state before the effective date of this chapter may continue to transact business in this...
  • 20-3214 - Injunctions; civil remedies; cease and desist
    20-3214. Injunctions; civil remedies; cease and desist (Eff. 10/1/13) A. In addition to the penalties and other enforcement provisions of this chapter, if any person...
  • 20-3215 - Penalties
    20-3215. Penalties (Eff. 10/1/13) A. It is a violation of this chapter for any person, provider, broker or party related to the business of life...
  • Last modified: February 19, 2012