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A.R.S. § 20-1559

Mortgage guaranty insurers; dividend payment

A. Notwithstanding section 20-722, a domestic mortgage guaranty insurance company may pay dividends out of any available surplus monies if the mortgage guaranty insurance company continues to comply with the policyholder surplus and reserve requirements under this article.

B. The payment of a dividend by a domestic mortgage guaranty insurance company is subject to the requirements of section 20-481.19.

C. A domestic mortgage guaranty insurance company shall maintain sufficient liquidity.

Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.