A captive insurer shall obtain the written approval of the director before implementing any material change in its plan of operations.

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Terms Used In Arizona Laws 20-1098.22

  • Captive insurer: means any pure captive insurer, agency captive insurer, group captive insurer or protected cell captive insurer that is domiciled in this state and that is formed and licensed under this article. See Arizona Laws 20-1098