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2019 Arizona Revised Statutes
Title 20 - Insurance
§ 20-516 Reserve standards
Universal Citation: AZ Rev Stat § 20-516 (2019)
20-516. Reserve standards
An insurer shall maintain reserves that place a sound value on its liabilities under its policies, annuities and subscriber contracts. The reserves shall not be less than the amount, estimated and consistent with the provisions of this title, necessary to assure payment of the insurer's unpaid policyholder and contract holder obligations, whether those obligations are reported or reported together with the expenses of adjustment or settlement of the obligations.
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