Arizona Revised Statutes Title 20. Insurance § 20-501. Eligible assets

1. Cash in the possession of the insurer, or in transit under its control, including the true balance of any deposit in a solvent bank or trust company.

2. Investments, securities, properties and loans acquired or held in accordance with this title, and the following related items:

3. Premium notes, policy loans and other policy assets and liens on policies and certificates of life insurance and annuity contracts and accrued interest, in an amount that is not more than the legal reserve and other policy liabilities carried on each individual policy.

4. For a life insurer, the net amount of uncollected and deferred premiums and annuity considerations.

5. Premiums in the course of collection not more than three months past due, less commissions payable on the premiums. Premiums payable directly or indirectly by the United States or by any of its instrumentalities are not subject to the three months past due limitation.

6. Installment premiums allowed pursuant to the accounting practices and procedures manual adopted by the national association of insurance commissioners.

7. Notes and like written obligations not past due, taken for premiums other than life insurance premiums on policies permitted to be issued on such basis, to the extent of the unearned premium reserves carried on the policies.

8. The full amount of reinsurance that is recoverable by a ceding insurer from a solvent reinsurer and that is authorized under § 20-261.

9. Amounts receivable by an assuming insurer representing funds withheld by a solvent ceding insurer under a reinsurance treaty.

10. Deposits or equities recoverable from underwriting associations, syndicates and reinsurance funds, or from any suspended banking institution, to the extent the director deems those funds are available for the payment of losses and claims and at values determined by the director.

11. Deferred tax assets as allowed pursuant to the accounting practices and procedures manual adopted by the national association of insurance commissioners.

12. Electronic data processing equipment, including operating system software, net of accumulated depreciation, that is necessary for use in the business of the insurer. The insurer shall depreciate the equipment over a period of not more than three years. The admitted value of the equipment shall not be more than the amount allowed pursuant to the accounting practices and procedures manual adopted by the national association of insurance commissioners.

13. Goodwill as allowed pursuant to the accounting practices and procedures manual adopted by the national association of insurance commissioners.

14. Other assets that are not inconsistent with this section and that the director deems are available for the payment of losses and claims, at values determined by the director.