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Arizona Revised Statutes Title 20. Insurance § 20-1621. Scope of article

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

A. This article applies to an insurer or producer transacting credit property insurance.

B. All credit property insurance written in connection with credit transactions for personal, family or household purposes is subject to this article, except:

1. Insurance resulting from transactions involving extensions of credit primarily for business or commercial purposes.

2. Insurance on mobile homes.

3. Insurance written in connection with a credit transaction that is secured by a real estate mortgage or deed of trust.

4. Creditor-placed insurance.

5. Title insurance.

6. Nonrecording insurance.

7. Insurance purchased by a creditor after repossession or a similar event where the creditor gains possession of the property.

C. All credit property insurance issued or made effective relative to consumer lender loans under title 6, chapter 5  1 is subject to this article.

D. All other provisions of this title not inconsistent with this article apply to transaction of credit property insurance.

1 Section 6-601 et seq.
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Cite this article: FindLaw.com - Arizona Revised Statutes Title 20. Insurance § 20-1621. Scope of article - last updated January 01, 2025 | https://codes.findlaw.com/az/title-20-insurance/az-rev-st-sect-20-1621/

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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