Sections
Article 2 Health Care Insurers 20-1721 – 20-1724
Article 3 Insurance Review Committees 20-1731
Article 4 Reporting Requirements 20-1741 – 20-1742

Terms Used In Arizona Laws > Title 20 > Chapter 7 - Professional Liability Insurance

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • department: means the department of insurance and financial institutions. See Arizona Laws 20-101
  • Deputy director: means the deputy director of the financial institutions division of the department. See Arizona Laws 6-101
  • Division: means the financial institutions division within the department. See Arizona Laws 6-101
  • Licensee: means a person licensed under this article. See Arizona Laws 6-991
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.