Arizona § 20-1088 - Limit of risk
Full text of Arizona Arizona Revised Statutes § 20-1088 — Limit of risk, with citation guidance and answers to common questions.
§ 20-1088. Limit of risk
Domestic life and disability reinsurers may be formed, with capital and surplus as specified in sections 20-1085 and 20-1086 to accept any risk as a reinsurer under which the maximum possible benefits payable on the death or on the disability of any one insured shall not exceed five thousand dollars if the excess over three thousand dollars is reinsured by noncancellable reinsurance authorized under section 20-261. When the reinsurer's paid-in capital reaches one hundred thousand dollars, the reinsurer may reinsure risks without the restrictions of this section and may reinsure as otherwise provided for pursuant to this title. Any risk accepted pursuant to this section shall be a risk under which the ceding life or disability insurer remains liable for the payment of all policyholder claims.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-1088
What does Arizona Revised Statutes § 20-1088 cover?
Section 20-1088 ("Limit of risk") 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 § 20-1088?
A common citation format is "Arizona Revised Statutes § 20-1088" (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 § 20-1088 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.