A. The articles of incorporation shall be filed in the office of the corporation commission and certified copies of the articles of incorporation shall be filed with the director of the department of insurance and financial institutions.

Terms Used In Arizona Laws 20-706

  • 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
  • Process: means a citation, writ or summons issued in the course of judicial proceedings. See Arizona Laws 1-215

B. The articles of incorporation shall be published as required by title 10.

C. The corporation shall appoint a statutory agent located in this state on whom all process in any action or proceeding may be served and shall file originals of the appointment in the director’s office and in the corporation commission’s office. Any termination of the statutory agent shall not take effect until the corporation has appointed a new, valid statutory agent.

D. The corporation shall not transact business as an insurer until it has applied for and received from the director a certificate of authority as provided by this title.

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