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.
‹ Prev All Arizona sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.