Arizona Revised Statutes Title 20. Insurance § 20-487. Definitions

1. “Accredited state” means a state in which the insurance department or other regulatory agency has qualified as meeting the minimum financial regulatory standards that are adopted and established by the national association of insurance commissioners.

2. “Control” or “controlled” has the same meaning prescribed in § 20-481.

3. “Controlled insurer” means a licensed insurer who is controlled by a producer.

4. “Controlling producer” means a producer who controls, directly or indirectly, an insurer.

5. “Licensed insurer” or “insurer” means a person, firm, association or corporation that is duly licensed to transact property or casualty insurance business in this state. For the purposes of this article, licensed insurer or insurer does not include a:

6. “Producer” means an insurance producer or any other person, firm, association or corporation when, for any compensation, commission or other thing of value, the person, firm, association or corporation acts or aids in any manner in soliciting, negotiating or procuring the making of an insurance contract on behalf of an insured other than the person, firm, association or corporation.