2012 Arizona Revised Statutes
Title 20 Insurance
20-1029 Division of profits


AZ Rev Stat § 20-1029 (through 2nd Reg Sess. 50th Leg. 2012) What's This?

20-1029. Division of profits

No profits shall accrue to an underwriter, except upon the basis of his actual investment in cash or securities, disregarding any obligation or subscription to pay in additional cash or securities at a later date.

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