Arizona § 20-769 - Organization of reciprocal insurer
Full text of Arizona Arizona Revised Statutes § 20-769 — Organization of reciprocal insurer, with citation guidance and answers to common questions.
§ 20-769. Organization of reciprocal insurer
A. Twenty-five or more persons domiciled in this state may organize a domestic reciprocal insurer and make application to the director for a certificate of authority to transact insurance.
B. The proposed attorney shall fulfill the requirements of and shall execute and file with the director, when applying for a certificate of authority, a declaration setting forth:
1. The name of the insurer.
2. The location of the insurer's principal office, which shall be the same as that of the attorney and shall be maintained within this state.
3. The kinds of insurance proposed to be transacted.
4. The names and addresses of the original subscribers.
5. The designation and appointment of the proposed attorney and a copy of the power of attorney.
6. The names and addresses of the officers and directors of the attorney, if a corporation, or its members, if a firm.
7. The powers of the subscribers' advisory committee, and the names and terms of office of the members thereof.
8. That all monies paid to the reciprocal shall, after deducting therefrom any sum payable to the attorney, be held in the name of the insurer and for the purposes specified in the subscribers' agreement.
9. A copy of the subscribers' agreement.
10. A statement that each of the original subscribers has in good faith applied for insurance of a kind proposed to be transacted, and that the insurer has received from each such subscriber the full premium or premium deposit required for the policy applied for, for a term of not less than six months at an adequate rate theretofore filed with and approved by the director.
11. A statement of the financial condition of the insurer, a schedule of its assets and a statement that the surplus as required by section 20-768 is on hand.
12. A copy of each policy, endorsement and application form it then proposes to issue or use.
C. The declaration shall be acknowledged by the attorney in the manner required for the acknowledgement of deeds.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-769
What does Arizona Revised Statutes § 20-769 cover?
Section 20-769 ("Organization of reciprocal insurer") 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 § 20-769?
A common citation format is "Arizona Revised Statutes § 20-769" (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 § 20-769 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.