Arizona § 20-1569 - Amount of unearned premium reserve; release
Full text of Arizona Arizona Revised Statutes § 20-1569 — Amount of unearned premium reserve; release, with citation guidance and answers to common questions.
§ 20-1569. Amount of unearned premium reserve; release
A. The unearned premium reserve of every title insurer shall consist of:
1. The amount of the unearned premium reserve held as of January 1, 1968.
2. The amount of all additions required to be made to the reserve by this section, less withdrawals permitted by this section.
B. Every title insurer shall add to its unearned premium reserve in respect to each title insurance policy, whether primary insurance, reinsurance or coinsurance, issued by it on real estate a sum of money out of the fees due or received for the title insurance and deemed to be unearned portions of fees and a sum equal to ten cents for each one thousand dollars of the face amount of net retained liability, as defined in section 20-1562, and shall separately record the aggregate amounts set aside and reserved with respect to policies, contracts or agreements written in each calendar year.
C. The amounts set aside as additions to the unearned premium reserve shall be deducted in determining net profits of any title insurer.
D. For the purpose of determining the amounts of the unearned premium reserve that may be withdrawn pursuant to subsection E of this section, and the interest of the policyholders under section 20-1571, all policies of title insurance shall be considered as dated on July 1 in the year of issue.
E. The aggregate of the amounts set aside in unearned premium reserve in any calendar year pursuant to subsection B of this section shall be released from the reserve and restored to income in the year of release pursuant to the formula prescribed in the accounting practices and procedures manual adopted by the national association of insurance commissioners.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-1569
What does Arizona Revised Statutes § 20-1569 cover?
Section 20-1569 ("Amount of unearned premium reserve; release") 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 § 20-1569?
A common citation format is "Arizona Revised Statutes § 20-1569" (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 § 20-1569 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.