Arizona § 20-1559 - Mortgage guaranty insurers; dividend payment
Full text of Arizona Arizona Revised Statutes § 20-1559 — Mortgage guaranty insurers; dividend payment, with citation guidance and answers to common questions.
§ 20-1559. Mortgage guaranty insurers; dividend payment
A. Notwithstanding section 20-722, a domestic mortgage guaranty insurance company may pay dividends out of any available surplus monies if the mortgage guaranty insurance company continues to comply with the policyholder surplus and reserve requirements under this article.
B. The payment of a dividend by a domestic mortgage guaranty insurance company is subject to the requirements of section 20-481.19.
C. A domestic mortgage guaranty insurance company shall maintain sufficient liquidity.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-1559
What does Arizona Revised Statutes § 20-1559 cover?
Section 20-1559 ("Mortgage guaranty insurers; dividend payment") 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 § 20-1559?
A common citation format is "Arizona Revised Statutes § 20-1559" (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 § 20-1559 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.