Arizona Laws 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.
Terms Used In Arizona Laws 20-481.11
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Insurer: means every person engaged in the business of making contracts of insurance except:
(a) Agencies, authorities or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia or a state or political subdivision of a state. See Arizona Laws 20-481
- Liquidity stress test framework: means a separate publication by the national association of insurance commissioners that may include any amendment adopted in accordance with national association of insurance commissioners' procedures and instructions and reporting templates for a specific data year and that may contain the following information:
(a) A history of the regulatory liquidity stress testing. See Arizona Laws 20-481
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.