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Current as of January 01, 2025 | Updated by Findlaw Staff
A. All other provisions of this title that are not inconsistent with the provisions of this article apply to domestic life and disability reinsurers.
B. Notwithstanding § 20-223, an unaffiliated credit life and disability reinsurer shall submit an annual statement in a form acceptable to the director and the annual statement of the reinsurer is due August 1 if the reinsurer's fiscal year ends on the preceding December 31 or November 1 if the reinsurer's fiscal year ends on a preceding date other than the preceding December 31.
C. Notwithstanding § 20-223, subsection A, an unaffiliated credit life and disability reinsurer is exempt from the management discussion and analysis requirements prescribed in the accounting practices and procedures manual adopted by the national association of insurance commissioners.
D. Notwithstanding § 20-731 and any rule that requires a hearing on the withdrawal of an insurer from this state, a hearing on a merger with or on withdrawal from this state by an unaffiliated credit life and disability reinsurer is not required, unless the requirement of a hearing applies to another party to the transaction.
E. The following do not apply to unaffiliated credit life and disability reinsurers:
1. The requirement of an examination at least once every five years pursuant to § 20-156, subsection A.
2. Any rule adopted pursuant to § 20-223, subsection A relating to audited financial statements.
3. Chapter 2, article 12 of this title. 1
4. The quantitative restrictions or limitations imposed on the investments of insurers by this title.
5. Chapter 3, article 8 of this title. 2
6. Section 20-722.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 20. Insurance § 20-1083. Law applicable to domestic life and disability reinsurers - last updated January 01, 2025 | https://codes.findlaw.com/az/title-20-insurance/az-rev-st-sect-20-1083/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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