2012 Arizona Revised Statutes
Title 20 Insurance
20-715 Membership in mutual insurer


AZ Rev Stat § 20-715 (through 2nd Reg Sess. 50th Leg. 2012) What's This?

20-715. Membership in mutual insurer

A. Each holder of one or more insurance policies or contracts issued by a domestic mutual insurer, other than a contract of reinsurance, is a member of the insurer with all the rights and obligations of such membership, and each such policy or contract so issued shall so specify.

B. Any person, government or governmental agency, state or political subdivision thereof, public or private corporation, board, association, firm, estate, trustee or fiduciary may be a member of a domestic, foreign or alien mutual insurer.

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