20-481.11. Exemption for nonmaterial items A. No information need be disclosed on the registration statement filed under section 20-481.10 if such information is not material. B. Unless otherwise prescribed by the director, sales, purchases, exchanges, loans or extensions of credit, or investments, involving one-half of one percent or less of an insurer's admitted assets as of December 31 next preceding shall not be deemed material. For the purposes of this subsection, what is considered material does not apply to the group capital calculation or to the liquidity stress test framework.
‹ 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.