§ 20-1096 Definitions
§ 20-1096.01 Formation of mechanical reimbursement reinsurer; articles of incorporation
§ 20-1096.02 Capital
§ 20-1096.03 Surplus
§ 20-1096.04 Qualifications
§ 20-1096.05 Annual reports; renewal of certificate of authority
§ 20-1096.06 Filing of cash or alternatives to cash
§ 20-1096.07 Reserves
§ 20-1096.08 Nonrenewal, revocation or suspension of certificate of authority
§ 20-1096.09 Cease and desist order; violation of article
§ 20-1096.10 Rules and regulations
§ 20-1096.11 Scope and limitations of article

Terms Used In Arizona Laws > Title 20 > Chapter 4 > Article 12 - Mechanical Reimbursement Reinsurers

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Consumer: means a buyer other than for purposes of resale of any consumer product, any person to whom the product is transferred during the duration of an implied or written warranty or service contract applicable to the product and any other person who is entitled by the terms of the warranty or service contract or under applicable federal or state law to enforce against the warrantor or issuer of the service contract the obligations of the warranty or service contract. See Arizona Laws 20-1096
  • Consumer product: means any tangible personal property which is distributed in commerce and which is normally used solely for personal, family or household purposes including any such property intended to be attached to or installed in any real property without regard to whether it is so attached or installed. See Arizona Laws 20-1096
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Mechanical reimbursement insurance: means an insurance policy issued to a motor vehicle dealer or to insure the performance of a service contract to a consumer if the motor vehicle dealer or the issuer of a service contract becomes insolvent or ceases to do business or, if approved by the director, similar such insurance. See Arizona Laws 20-1096
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
  • Property: includes both real and personal property. See Arizona Laws 1-215
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • reinsurer: means a domestic reinsurer reinsuring mechanical reimbursement insurance. See Arizona Laws 20-1096
  • Residential property: means a house, townhouse, condominium or other habitable structure consisting of no more than four units which is used principally as a residence. See Arizona Laws 20-1096
  • Service contract: means a written contract for a prepaid separately stated consideration to perform, over a fixed period of time or for a specified duration, services relating to the maintenance or repair, including replacement, of:

    (a) A consumer product. See Arizona Laws 20-1096

  • United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
  • Warranty: means :

    (a) Any written affirmation by a manufacturer or seller of fact or written promise made in connection with the sale of a consumer product which relates to the nature of the material or workmanship and affirms or promises that the material or workmanship is free of defects or will meet a specified level of performance over a specified period of time. See Arizona Laws 20-1096

  • Writing: includes printing. See Arizona Laws 1-215