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2012 Arizona Revised Statutes
Title 20 Insurance
20-475 Reasonable requirements of security holder are valid

Universal Citation:
AZ Rev Stat § 20-475 (through 2nd Reg Sess. 50th Leg. 2012)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

20-475. Reasonable requirements of security holder are valid

Nothing in this article shall prevent a mortgagee, lender, vendor, or holder from requiring insurance on the collateral security for a loan or exercising a reasonable privilege of approval or disapproval of the insurance provided for such purpose by the borrower, mortgagor or purchaser.

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