Arizona Laws 20-218.01. Appointment of a statutory agent
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A. Each domestic insurer shall have and continuously maintain in this state:
Terms Used In Arizona Laws 20-218.01
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
1. A known place of business which may be the office of its statutory agent.
2. A statutory agent, which agent may be the director, an individual, who has been a resident of this state for three years, a domestic corporation or a foreign corporation authorized to transact business in this state.
B. Failure to appoint a statutory agent by a domestic insurer may result in the revocation or suspension of such insurer’s certificate of authority.
C. The appointment required herein shall be filed with the director.