Arizona Laws 20-2410. Penalties
Current as of: 2023 | Check for updates
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A risk retention group which violates any provision of this chapter is subject to civil penalties set forth in section 20-220 and section 20-456 and to revocation or suspension of its license and the right to do business in this state.
Terms Used In Arizona Laws 20-2410
- Risk retention group: means a corporation or other limited liability association formed under the laws of any state which meets all of the following criteria:
(a) Its primary activity consists of assuming and spreading all or any portion of the liability exposure of its group members. See Arizona Laws 20-2401
- State: means any state of the United States or the District of Columbia. See Arizona Laws 20-2401