Arizona § 20-408 - Report of broker; civil penalty
Full text of Arizona Arizona Revised Statutes § 20-408 — Report of broker; civil penalty, with citation guidance and answers to common questions.
§ 20-408. Report of broker; civil penalty
A. A broker procuring surplus lines insurance on behalf of an insured whose home state is Arizona shall file with the director on or before the date specified in section 20-415, subsection B a verified report setting forth facts from which it may be determined whether the requirements of section 20-407 have been met. The report shall also contain or be accompanied by the following:
1. The name of the insurer and the identification number assigned to it by the national association of insurance commissioners.
2. The number of the policy issued.
3. The name and the city, state and zip code of the insured.
4. The premium, including taxable policy fees.
5. The identity of the specific surplus lines coverage written.
6. The policy effective dates that shall not be open to public inspection.
B. The director shall prescribe the required report form.
C. The director may direct a broker to file the broker's report required by this section with a voluntary domestic organization of surplus lines brokers with which the director has contracted to accept reports pursuant to section 20-167.
D. A broker may collect from the insured the stamping fee prescribed in section 20-167.
E. The director may impose and collect a civil penalty of not more than $25 against a broker for each day the report prescribed in subsection A of this section is late.
F. In addition to the requirements of subsection A, paragraph 5 of this section, if the insurance coverage is not a recognized surplus line pursuant to section 20-409, a surplus lines broker shall maintain evidence of compliance with the requirements of section 20-407, subsection A for the duration of the insurance policy and for a period of six years after the expiration of the policy.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-408
What does Arizona Revised Statutes § 20-408 cover?
Section 20-408 ("Report of broker; civil penalty") 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 § 20-408?
A common citation format is "Arizona Revised Statutes § 20-408" (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 § 20-408 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.