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Arizona Revised Statutes Title 20. Insurance § 20-1559. Mortgage guaranty insurers; dividend payment

Current as of January 01, 2025 | Updated by Findlaw Staff

A. Notwithstanding § 20-722, a domestic mortgage guaranty insurance company may pay dividends out of any available surplus monies if the mortgage guaranty insurance company continues to comply with the policyholder surplus and reserve requirements under this article.

B. The payment of a dividend by a domestic mortgage guaranty insurance company is subject to the requirements of § 20-481.19.

C. A domestic mortgage guaranty insurance company shall maintain sufficient liquidity.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 20. Insurance § 20-1559. Mortgage guaranty insurers; dividend payment - last updated January 01, 2025 | https://codes.findlaw.com/az/title-20-insurance/az-rev-st-sect-20-1559/

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