Arizona Revised Statutes Title 20. Insurance § 20-535. Limitation on percentage of assets invested with single person; exception

An insurer shall not, except with the consent of the director, have at any one time any combination of investments in or loans upon the security of the obligations, property or securities of any one person, institution, corporation or municipal corporation, aggregating any amount exceeding ten per cent of the insurer's assets. This restriction shall not apply to investments in or loans upon the security of general obligations of the United States or any state of the United States or include policy loans made under § 20-550.