Arizona Laws 20-107. Limitation on transaction of insurance; exception
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A. No person shall transact a business of insurance in this state, or relative to a subject of insurance resident, located or to be performed in this state, without complying with the applicable provisions of this title.
Terms Used In Arizona Laws 20-107
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
B. No provision of this title shall be deemed to require any license or other authority, or impose any penalty or requirement except as provided by section 20-421, of or upon any person for negotiation or procurement of insurance by him upon his own insurable interests, with or from an insurer not authorized to transact insurance in this state.