§ 20-761 “Reciprocal” insurance defined
§ 20-762 “Reciprocal insurer” defined
§ 20-763 Scope of article
§ 20-764 Compliance by existing insurers
§ 20-765 Powers of reciprocal insurers
§ 20-766 Name of insurer; designation by name as party in action
§ 20-767 Attorney-in-fact of reciprocal insurers
§ 20-768 Required surplus funds
§ 20-769 Organization of reciprocal insurer
§ 20-770 Certificate of authority
§ 20-771 Power of attorney
§ 20-772 Modifications of agreement
§ 20-773 Bond of attorney
§ 20-774 Deposit in lieu of bond of attorney
§ 20-775 Action on bond
§ 20-776 Service of legal process; liabilities under judgment on such service
§ 20-777 Annual statement
§ 20-778 Contributions to insurer
§ 20-779 Financial condition; determination
§ 20-780 Subscribers
§ 20-781 Subscribers’ advisory committee
§ 20-782 Subscriber’s liability
§ 20-783 Liability of subscriber on judgment against insurer
§ 20-784 Assessments
§ 20-785 Time limit for assessment
§ 20-786 Limitation on liability
§ 20-787 Nonassessable policies
§ 20-788 Distribution of savings
§ 20-789 Subscriber’s share in assets
§ 20-790 Merger or conversion
§ 20-791 Impaired reciprocal insurers
§ 20-792 Ownership of real property

Terms Used In Arizona Laws > Title 20 > Chapter 4 > Article 2

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney: as used in this article refers to the attorney-in-fact of a reciprocal insurer. See Arizona Laws 20-767
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • 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.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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.
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Process: means a citation, writ or summons issued in the course of judicial proceedings. 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.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Trustee: A person or institution holding and administering property in trust.
  • Writing: includes printing. See Arizona Laws 1-215