Arizona § 20-549 - Investments not otherwise authorized; limitations; appraisal; cost
Full text of Arizona Arizona Revised Statutes § 20-549 — Investments not otherwise authorized; limitations; appraisal; cost, with citation guidance and answers to common questions.
§ 20-549. Investments not otherwise authorized; limitations; appraisal; cost
A. An insurer may make loans or investments not otherwise qualifying or permitted under this article in an amount not exceeding in the aggregate ten per cent of the insurer's assets, and not exceeding two per cent of such assets as to any one such loan, investment or category of investment, except that such loan or investment shall not be represented by any item described in section 20-503.
B. The insurer shall fulfill the requirements of section 20-534 and shall maintain sufficient information so that the director can reasonably ascertain the market value of the loan or investment. The director may employ appraisers or other experts to assist in determining the value of the loans or investments. The insurer shall pay the cost incurred for any appraisal.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-549
What does Arizona Revised Statutes § 20-549 cover?
Section 20-549 ("Investments not otherwise authorized; limitations; appraisal; cost") 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 § 20-549?
A common citation format is "Arizona Revised Statutes § 20-549" (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 § 20-549 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.