Article 1 General Provisions 20-2901 – 20-2905

Terms Used In Arizona Laws > Title 20 > Chapter 18

  • Applicant: means a provider organization that submits an application to the contractor to provide continuing education courses. See Arizona Laws 20-2901
  • Approved continuing education course: means any course that has been approved by at least five other states or that is approved by a contractor or automatically approved pursuant to section 20-2904. See Arizona Laws 20-2901
  • Approved provider: means an organization or individual that offers an approved continuing education course and that is authorized by the contractor to offer the course to a licensee for credit toward the licensee's continuing education requirements. See Arizona Laws 20-2901
  • Continuing education review committee: means the committee appointed by the director pursuant to section 20-2905 to establish minimum standards that apply to approved providers and approved continuing education courses and minimum performance standards that apply to contractors. See Arizona Laws 20-2901
  • Continuously licensed: means that a licensee's license has not terminated for any reason. See Arizona Laws 20-2901
  • Contract: A legal written agreement that becomes binding when signed.
  • Contractor: means the person who has a contract with the department of insurance to approve continuing education providers and courses and to administer the continuing education program and who is paid through fees collected from approved providers when the approved providers apply for continuing education course approval. See Arizona Laws 20-2901
  • Ethics training: means continuing education course content regarding the ethical responsibilities insurance producers owe to insurers, applicants, policyholders, regulators, insurance professionals and the public. See Arizona Laws 20-2901
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • License period: means the period between the date an Arizona insurance license is issued or last renewed and the expiration date of the Arizona insurance license. See Arizona Laws 20-2901
  • Licensee: means an individual insurance producer licensed for major line insurance as defined in section 20-281. See Arizona Laws 20-2901
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Nonresident licensee: means a licensee who is applying to renew a nonresident license in this state. See Arizona Laws 20-2901
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Provider organization: means a person that provides continuing education courses but that has not yet been accepted as an approved provider pursuant to section 20-2904. See Arizona Laws 20-2901
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.