20-1031. Deposit required of Lloyd's
association


The deposit requirements of section 20-213 and section 20-583 shall in all respects
apply to any Lloyd's association, foreign or domestic, provided that the director shall
not issue a certificate of authority to any Lloyd's association unless it has deposited
in trust with the state treasurer of Arizona or in public custody in any other state or
states cash or securities eligible for the investment of capital funds of domestic
insurers in an amount not less than four hundred thousand dollars.