There is a newer version of the Arizona Revised Statutes
2016 Arizona Revised Statutes
Title 20 - Insurance
§ 20-475 Reasonable requirements of security holder are valid
AZ Rev Stat § 20-475 (2016) What's This?
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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