Arizona Revised Statutes Title 20. Insurance § 20-213. Deposit requirements

1. As to life and disability carriers there shall be maintained with the state treasurer or a trustee approved by the director, a deposit in cash, surety bond or securities as described in §§ 20-537 through 20-548 and §§ 20-551 through 20-556, in an amount equal to the greatest of:

2. As to title insurers, the deposit shall be in such amount as is required by article 9 of chapter 6  1 of this title.

3. As to foreign insurers, in lieu of such deposit or part thereof in this state, the director shall accept the current certificate in proper form of the public official having supervision over insurers in any other state to the effect that a like deposit or part thereof by such insurer is being maintained in public custody in such state in trust for the purpose, among other reasonable purposes of protection of policyholders in this state.

4. As to alien insurers, in lieu of such deposit or part thereof in this state, the director shall accept evidence satisfactory to him that the insurer maintains within the United States by way of deposits with public depositaries, or in trust institutions within the United States approved by the director, assets available for discharge of its United States insurance obligations which assets shall be in amount not less than the outstanding liabilities of the insurer arising out of its insurance transactions in the United States, together with, in the case of title insurers, the sum required by article 9 of chapter 6 of this title, and, in the case of all other insurers, together with the larger of the following sums:

5. No deposit requirement for any insurer provided by this section shall exceed five hundred thousand dollars.