Arizona Laws 20-219. Mandatory revocation or suspension
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The director shall refuse to renew or shall revoke or suspend an insurer’s certificate of authority:
Terms Used In Arizona Laws 20-219
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
1. If such action is required by any provision of this title, or
2. If the insurer no longer meets the requirements for the authority originally granted, on account of deficiency in assets or otherwise.