Arizona Laws 20-617. Grounds for conservation of foreign insurers
Current as of: 2023 | Check for updates
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The director may apply to the court for an order appointing him as receiver or ancillary receiver, and directing him to conserve the assets within this state, of a foreign insurer upon any of the following grounds:
Terms Used In Arizona Laws 20-617
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
1. Upon any of the grounds specified in sections 20-615 or 20-616.
2. Upon the ground that its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.