Arizona § 20-214 - Financial requirements; escalator provisions
Full text of Arizona Arizona Revised Statutes § 20-214 — Financial requirements; escalator provisions, with citation guidance and answers to common questions.
§ 20-214. Financial requirements; escalator provisions
If with respect to an insurer lawfully authorized to transact insurance in this state immediately prior to the effective date of this section, this title requires a greater amount of capital, surplus or deposit than required of such insurer immediately prior to such effective date, such insurer shall have a period of one year from and after such effective date within which to comply with any such increased requirement. No such increase shall be required of any domestic stock insurer which as of such effective date, was lawfully authorized to transact in this state only automobile physical damage insurance, and for so long as such insurer does not transact any additional insurance.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-214
What does Arizona Revised Statutes § 20-214 cover?
Section 20-214 ("Financial requirements; escalator provisions") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 20-214?
A common citation format is "Arizona Revised Statutes § 20-214" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 20-214 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.