Arizona Revised Statutes Title 20. Insurance § 20-1089. Certificates of authority

A. Any domestic limited stock insurer formed and existing pursuant to § 20-708 which does not come within the provisions of § 20-708, subsection B, and which holds a valid certificate of authority as such an insurer, shall become a domestic life and disability reinsurer on the effective date of this article.  If such reinsurer meets the requirements for a renewal certificate of authority under the provisions of this article, it shall have its authority renewed under such provisions beginning with the first certificate of authority renewal following the effective date of this article.

B. Any domestic limited stock insurer formed and existing pursuant to § 20-708 which comes within the provisions of § 20-708, subsection B, which holds a valid certificate of authority as such an insurer, but which was transformed into a domestic life and disability reinsurer by operation of the provisions of subsection D of § 20-210 shall be a domestic life and disability reinsurer, but shall continue to have such right and privilege to issue life and disability policies direct to the public as is provided in § 20-708.  If such reinsurer meets the requirements for a renewal certificate of authority under the provisions of this article, it shall have its authority renewed under such provisions beginning with the first certificate of authority renewal following the effective date of this article.