Arizona Revised Statutes Title 20. Insurance § 20-471. Definition of insurance service charge; limit; prohibited use

1. An insurance policy is tendered without an authorization signed by the borrower appointing the insurance producer tendering the policy attached thereto, unless a prior authorization not revoked has been delivered to the lender.

2. An insurance policy is tendered without the borrower's mortgage loan number as assigned for payment identification or a legal description of the insured property printed in bold-faced type on the face of the policy.

3. An original, a renewal or a replacement insurance policy is tendered less than ten days prior to an expiration date, renewal date or continuous policy premium anniversary date, or expiration of an insurance binder issued preliminary to issuance of a permanent policy.

4. An insurance policy is tendered by an agent other than an agent appearing on the records of the mortgagee as authorized to represent the borrower at any time during the term of such insurance other than within thirty days prior to the policy's expiration date, renewal or continuous policy premium anniversary date.