Arizona Revised Statutes Title 20. Insurance § 20-1096.08. Nonrenewal, revocation or suspension of certificate of authority

1. In the opinion of the director the policy and loss reserves maintained by the mechanical reimbursement reinsurer are insufficient to cover future losses.

2. In the opinion of the director, the mechanical reimbursement reinsurer is insolvent.

3. The mechanical reimbursement reinsurer has not filed its annual report or paid its renewal fee on a timely basis.

4. The mechanical reimbursement reinsurer has violated any provisions of this article.