Arizona § 6-115 - Insurance premium transmitters; timely payment required; civil penalty
Full text of Arizona Arizona Revised Statutes § 6-115 — Insurance premium transmitters; timely payment required; civil penalty, with citation guidance and answers to common questions.
§ 6-115. Insurance premium transmitters; timely payment required; civil penalty
A. A person who contracts to receive a payment that includes an amount for payment of a mortgage, deed of trust or any other obligation secured by real estate and any amounts to be tendered for payment of an insurance policy premium, a property tax assessment or any other collateral obligation shall make timely payment of those amounts, except as provided in subsection C of this section.
B. Monies collected for payment of an insurance policy premium, a property tax assessment or any other collateral obligation shall be such that the total of the payments collected for each category during the insurance, tax or other period will approximate the actual insurance premium, tax or other payment when due.
C. A person who contracts to receive and tender monies as described in subsection A of this section and who receives a delinquent payment from the payor shall exercise reasonable diligence in tendering those payments and is not subject to a penalty for failure to make a timely payment of those monies when first due.
D. A person who violates this section is subject to a civil penalty under section 6-132.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-115
What does Arizona Revised Statutes § 6-115 cover?
Section 6-115 ("Insurance premium transmitters; timely payment required; civil penalty") 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 § 6-115?
A common citation format is "Arizona Revised Statutes § 6-115" (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 § 6-115 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.