Arizona § 20-723 - Dividends to mutual policyholders
Full text of Arizona Arizona Revised Statutes § 20-723 — Dividends to mutual policyholders, with citation guidance and answers to common questions.
§ 20-723. Dividends to mutual policyholders
A. The directors of a domestic mutual insurer may from time to time apportion and pay or credit to its members dividends only from that part of its surplus funds which represents net realized savings and net realized earnings from its business.
B. A dividend otherwise proper may be payable from such savings and earnings even though the insurer's total surplus is then less than the aggregate of its contributed surplus.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-723
What does Arizona Revised Statutes § 20-723 cover?
Section 20-723 ("Dividends to mutual policyholders") 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 § 20-723?
A common citation format is "Arizona Revised Statutes § 20-723" (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 § 20-723 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.