Arizona Laws 20-3212. Scope of chapter
This chapter does not:
Terms Used In Arizona Laws 20-3212
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- department: means the department of insurance and financial institutions. See Arizona Laws 20-101
- Fraud: Intentional deception resulting in injury to another.
- Person: means an individual or business entity. See Arizona Laws 20-3201
- Policy: means an individual or group policy, group certificate, contract or arrangement of life insurance owned by a resident of this state regardless of whether delivered or issued for delivery in this state. See Arizona Laws 20-3201
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
1. Preempt the authority or relieve the duty of other law enforcement or regulatory agencies to investigate, examine and prosecute suspected violations of law.
2. Prevent or prohibit a person from disclosing voluntarily information concerning life settlement fraud to a law enforcement or regulatory agency other than the department.
3. Limit the powers granted elsewhere by the laws of this state to the director or an insurance fraud unit to investigate and examine possible violations of law and to take appropriate action against wrongdoers.
4. Preempt or otherwise limit Title 44, Chapter 12 or any rules, orders, policy statements, notices, bulletins or other interpretations issued by or through the corporation commission or the corporation commission’s designee acting pursuant to Title 44, Chapter 12. Compliance with this chapter does not constitute compliance with any applicable provision of Title 44, Chapter 12 or any rules, orders, policy statements, notices, bulletins or other interpretations issued by or through the corporation commission or the corporation commission’s designee acting pursuant to title 44, chapter 12.