Arizona § 20-1024 - Application for license; contents
Full text of Arizona Arizona Revised Statutes § 20-1024 — Application for license; contents, with citation guidance and answers to common questions.
§ 20-1024. Application for license; contents
The attorney shall file with the director a verified application for a certificate of authority setting forth and accompanied by:
1. The name of the attorney or attorneys and the title under which the business is to be conducted, which title shall contain the name Lloyd's and the name of the country or state under which it is organized, and shall not be so similar to any name or title in use in this state as to be likely to confuse or deceive.
2. The location of the principal office.
3. The kind or combination of kinds of insurance to be written, as defined in article 2 of chapter 2 of this title.
4. A copy of the form of power of attorney by virtue of which the attorney is to act for and bind the several underwriters, and a copy of the articles of agreement entered into between the underwriters themselves and the attorney.
5. The names and addresses of all underwriters, whose number shall not be smaller than three.
6. A financial statement showing in detail the assets contributed or accumulated in the hands of the attorneys-in-fact, committee of underwriters, trustees, or other officers of such Lloyd's association, together with the liabilities incurred and outstanding and the income received and disbursements made by the attorney for the underwriters.
7. An instrument executed by each and all of the underwriters specially empowering the attorney to accept service of process for each underwriter in any action on any policy or contract of insurance, and an instrument from the attorney to the director delegating the attorney's powers in this respect to the director.
Frequently Asked Questions About Arizona § 20-1024
What does Arizona Revised Statutes § 20-1024 cover?
Section 20-1024 ("Application for license; contents") 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 § 20-1024?
A common citation format is "Arizona Revised Statutes § 20-1024" (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 § 20-1024 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.