Arizona § 20-1543 - Limitation on geographic concentration
Full text of Arizona Arizona Revised Statutes § 20-1543 — Limitation on geographic concentration, with citation guidance and answers to common questions.
§ 20-1543. Limitation on geographic concentration
A. A mortgage guaranty insurance company shall not:
1. Insure loans secured by a single risk in excess of ten per cent of the company's aggregate capital, surplus and contingency reserve.
2. Have more than twenty per cent of its total insurance in force in any one standard metropolitan statistical area, as defined by the United States department of commerce.
B. The provisions of this section shall not apply to a mortgage guaranty insurance company until it has possessed a certificate of authority in this state for three years.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-1543
What does Arizona Revised Statutes § 20-1543 cover?
Section 20-1543 ("Limitation on geographic concentration") 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 § 20-1543?
A common citation format is "Arizona Revised Statutes § 20-1543" (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 § 20-1543 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.