Arizona § 20-885 - Reports
Full text of Arizona Arizona Revised Statutes § 20-885 — Reports, with citation guidance and answers to common questions.
§ 20-885. Reports
Each fraternal benefit society shall file reports as follows:
1. Unless the director extends the time for filing for good cause shown, on or before March 1, each society transacting business in this state shall annually file with the director a true statement of its financial condition, transactions and affairs for the preceding calendar year and shall pay the fee prescribed by section 20-167 for filing the statement. The statement shall be in the general form and context that is approved by the national association of insurance commissioners for fraternal benefit societies, supplemented by any additional information that the director requires.
2. At the time of filing its annual statement pursuant to paragraph 1 of this section, each society shall also file with the director a valuation of its certificates in force as of the preceding December 31. On a showing of good cause, the director may extend the time for filing the valuation for a period of not more than two calendar months. The valuation shall be conducted pursuant to section 20-884. A qualified actuary shall certify the valuation and underlying data or, at the expense of the society, an actuary of the insurance department in the domiciliary state of the society shall verify the valuation and underlying data.
Frequently Asked Questions About Arizona § 20-885
What does Arizona Revised Statutes § 20-885 cover?
Section 20-885 ("Reports") 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 § 20-885?
A common citation format is "Arizona Revised Statutes § 20-885" (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 § 20-885 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.