Arizona Laws > Title 20 > Chapter 7 – Professional Liability Insurance
Current as of: 2023 | Check for updates
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Other versions
Sections | ||
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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.