Arizona Revised Statutes Title 20. Insurance § 20-169. Supervision by director

1. Notify the insurance company of the director's determination.

2. Furnish to the insurance company a written list of the director's requirements to abate the determination.

3. If the director makes a further determination to supervise, the director shall notify the insurance company that it is under the supervision of the department of insurance and financial institutions and that the director is applying and effecting the provisions of this article. The insurance company shall comply with the lawful requirements of the director and, if placed under supervision, shall under supervision have sixty days from the date of notice within which to comply with the requirements of the director, subject to the provisions of this article. If the insurance company fails to comply within such time, the director, or a conservator appointed by the director for that purpose, shall immediately, after due and proper notice and hearing, take charge as conservator of the insurance company and all of the property and effects of the insurance company.