Within three years from the date an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer was filed in the office of the clerk of the court by which the order was made, the receiver may make a report to the court setting forth:

Terms Used In Arizona Laws 20-641

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Court: means , unless the context otherwise requires, the judge of the superior court assigned to the delinquency proceeding. See Arizona Laws 20-611
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Insurer: means any person, firm, corporation, association or aggregation of persons doing an insurance business and subject to the insurance supervisory authority of, or to liquidation, rehabilitation, reorganization or conservation by the director or the equivalent insurance supervisory official of another state. See Arizona Laws 20-611
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Receiver: means the director as receiver, liquidator, rehabilitator or conservator as the context may require. See Arizona Laws 20-611

1. The reasonable value of the assets of the insurer.

2. The insurer’s probable liabilities.

3. The probable necessary assessment, if any, to pay all claims and expenses in full, including expenses of administration.

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