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2017 Arizona Revised Statutes
Title 20 - Insurance
§ 20-1559 Mortgage guaranty insurers; dividend payment
Universal Citation: AZ Rev Stat § 20-1559 (2017)
20-1559. Mortgage guaranty insurers; dividend payment
A. Notwithstanding section 20-722, a domestic mortgage guaranty insurance company may pay dividends out of any available surplus monies if the mortgage guaranty insurance company continues to comply with the policyholder surplus and reserve requirements under this article.
B. The payment of a dividend by a domestic mortgage guaranty insurance company is subject to the requirements of section 20-481.19.
C. A domestic mortgage guaranty insurance company shall maintain sufficient liquidity.
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