Arizona Revised Statutes § 20-785 Time Limit For Assessment

20-785. Time limit for assessment

Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for, and shall pay his share of any assessment, as computed and limited in accordance with this article, if:

1. While his policy is in force or within one year after its termination, he is notified by either the attorney or the director of his intentions to levy such assessment.

2. An order to show cause why a receiver, conservator, rehabilitator or liquidator of the insurer should not be appointed is issued while his policy is in force or within one year after its termination.

Section: Previous  20-778  20-779  20-780  20-781  20-782  20-783  20-784  20-785  20-786  20-787  20-788  20-789  20-790  20-791  20-792  Next

Last modified: October 13, 2016