Underwriters doing business as a Lloyd's association shall compute reserve liabilities for all outstanding business and for all incurred losses upon the same basis required for stock insurance companies doing the same class and character of business in Arizona.
A.R.S. § 20-1026
Reserves for liabilities and losses
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.