State Codes and Statutes

Statutes > Arizona > Title20 > 20-1098.19

20-1098.19. Establishment of branch captive insurer

A. A branch captive insurer may be established in this state pursuant to this chapter to write insurance or reinsurance in this state except as provided in section 20-1098.01, subsection B and other than workers' compensation or employers' liability insurance.

B. A branch captive insurer shall not conduct any insurance business in this state unless it maintains the principal place of business for its branch operations in this state.

C. A branch captive insurer shall be a pure captive insurer with respect to operations and minimum capitalization in this state unless otherwise permitted by the director.

State Codes and Statutes

Statutes > Arizona > Title20 > 20-1098.19

20-1098.19. Establishment of branch captive insurer

A. A branch captive insurer may be established in this state pursuant to this chapter to write insurance or reinsurance in this state except as provided in section 20-1098.01, subsection B and other than workers' compensation or employers' liability insurance.

B. A branch captive insurer shall not conduct any insurance business in this state unless it maintains the principal place of business for its branch operations in this state.

C. A branch captive insurer shall be a pure captive insurer with respect to operations and minimum capitalization in this state unless otherwise permitted by the director.


State Codes and Statutes

State Codes and Statutes

Statutes > Arizona > Title20 > 20-1098.19

20-1098.19. Establishment of branch captive insurer

A. A branch captive insurer may be established in this state pursuant to this chapter to write insurance or reinsurance in this state except as provided in section 20-1098.01, subsection B and other than workers' compensation or employers' liability insurance.

B. A branch captive insurer shall not conduct any insurance business in this state unless it maintains the principal place of business for its branch operations in this state.

C. A branch captive insurer shall be a pure captive insurer with respect to operations and minimum capitalization in this state unless otherwise permitted by the director.