Arizona Laws 20-680. Exempt types of insurance
A. This article applies to all kinds of insurance except:
Terms Used In Arizona Laws 20-680
- Fund: means the Arizona property and casualty insurance guaranty fund. See Arizona Laws 20-661
- including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes both real and personal property. See Arizona Laws 1-215
1. Life.
2. Title.
3. Surety.
4. Disability.
5. Credit.
6. Mortgage guarantee.
7. Ocean marine insurance.
8. Insurance of warranties or service contracts, including insurance that provides for the repair, replacement or service of goods or property, or indemnification for repair, replacement or service, for the operational or structural failure of the goods or property due to a defect in materials, workmanship or normal wear and tear, or reimbursement for the liability incurred by the issuer of agreements or service contracts that provide these benefits.
9. Any kind of surplus lines insurance.
10. Any policy of insurance issued to an industrial insured pursuant to Section 20-400.10.
11. Any new types of coverages approved or permitted after August 27, 1977.
B. The exemptions prescribed in this section do not restrict any of the fund‘s rights or defenses permitted under this article, including the application of any credit or offset prescribed in section 20-673 for payments made under any policy of insurance, including any policy of insurance that is exempt from this article.