Action on any policy or contract of insurance issued by an attorney for the underwriters may be brought against the attorney. In such action, summons and process shall be served on either the director or on the attorney-in-fact, and when so served shall have the same effect as if served on the attorney and on each underwriter personally. A judgment in any such action against the attorney shall be binding upon and be judgment against each and all of the underwriters as their several liabilities may appear in the contract of insurance on which the action is brought. Any such summons or other process shall be served in accordance with the provisions of section 20-222, and the provisions of that section shall be in all respects applicable thereto.

Terms Used In Arizona Laws 20-1030

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Contract: A legal written agreement that becomes binding when signed.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Process: means a citation, writ or summons issued in the course of judicial proceedings. See Arizona Laws 1-215
  • Summons: Another word for subpoena used by the criminal justice system.
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