Arizona § 20-717 - Contingent liability of mutual insurer members
Full text of Arizona Arizona Revised Statutes § 20-717 — Contingent liability of mutual insurer members, with citation guidance and answers to common questions.
§ 20-717. Contingent liability of mutual insurer members
A. Each member of a domestic mutual insurer shall, except as otherwise provided in this article with respect to nonassessable policies, have a contingent liability, pro rata and not one for another, for the discharge of its obligations, which contingent liability shall be in such maximum amount as it stated in the insurer's articles of incorporation.
B. Each policy issued by the insurer shall contain a statement of the contingent liability, if any, of its members.
C. Termination of the policy of any such member shall not relieve the member of contingent liability for his proportion, if any, of the obligations of the insurer which accrued while the policy was in force.
D. Unrealized contingent liability of members does not constitute an asset of the insurer in any determination of its financial condition.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-717
What does Arizona Revised Statutes § 20-717 cover?
Section 20-717 ("Contingent liability of mutual insurer members") 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 § 20-717?
A common citation format is "Arizona Revised Statutes § 20-717" (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 § 20-717 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.