Arizona § 20-1611 - Refunds
Full text of Arizona Arizona Revised Statutes § 20-1611 — Refunds, with citation guidance and answers to common questions.
§ 20-1611. Refunds
A. Each individual policy or group certificate of consumer credit insurance shall provide that, in the event of termination of insurance prior to the scheduled maturity date of the debt, any refund of an amount paid by the debtor for insurance shall be remitted or credited promptly to the person entitled to the refund or credit. The director shall prescribe a minimum refund, which shall be not less than five dollars. An insurer is not required to refund any amount that is less than the minimum. The formula to be used in computing refunds shall be filed with the director and shall be subject to the director's approval.
B. If a creditor requires a debtor to make any payment for consumer credit insurance and an individual policy or group certificate is not issued, the creditor shall immediately give written notice to the debtor and shall promptly make an appropriate refund to the debtor or credit the debtor's account.
Frequently Asked Questions About Arizona § 20-1611
What does Arizona Revised Statutes § 20-1611 cover?
Section 20-1611 ("Refunds") 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 § 20-1611?
A common citation format is "Arizona Revised Statutes § 20-1611" (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 § 20-1611 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.