2012 Arizona Revised Statutes
Title 20 Insurance
20-1546 Limitation on coverage


AZ Rev Stat § 20-1546 (through 2nd Reg Sess. 50th Leg. 2012) What's This?

20-1546. Limitation on coverage

A mortgage guaranty insurance company shall limit its coverage net of reinsurance ceded to a maximum of twenty-five per cent of the entire indebtedness to the insured or may elect to pay the entire indebtedness to the insured and acquire title to the authorized real estate security.

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