Statutes, codes, and regulations
Arizona Administrative Code
Title 20 - COMMERCE, FINANCIAL INSTITUTIONS, AND INSURANCEChapter 04 - DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS - FINANCIAL INSTITUTIONS
Article 19 - COMMERCIAL MORTGAGE BANKERS
Section R20-4-1904 - Restrictions on the Term of a Cash Alternative to a Surety Bond

Ariz. Admin. Code § 20-4-1904

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Current through Register Vol. 30, No. 52, December 27, 2024
Section R20-4-1904 - Restrictions on the Term of a Cash Alternative to a Surety Bond

A licensee or applicant shall not place a certificate of deposit or investment certificate as a cash alternative to a surety bond with the Superintendent that is renewable or expires earlier than 12 months from the date of issuance.

Ariz. Admin. Code § R20-4-1904

New Section adopted by final rulemaking at 5 A.A.R. 2094, effective June 10, 1999 (Supp. 99-2).