{"data":{"id":"us-az/a.r.s.-20-1096.06","jurisdiction":"us-az","citation":"A.R.S. § 20-1096.06","heading":"Filing of cash or alternatives to cash","body":"A. To assure faithful performance of its reinsurance obligations each mechanical reimbursement reinsurer shall, prior to the issuance of a certificate of authority, file with or for the benefit of the director cash or alternatives to cash which at all times have a value of at least one hundred thousand dollars.\n\nB. The reinsurer may file alternatives to cash which shall be certificates of deposit purchased from a financial institution licensed to conduct business in this state or bonds of the United States government.\n\nC. If alternatives to cash are made in the form of certificates of deposit or a bond, it shall be irrevocably pledged to the director. The reinsurer is entitled to any accrued interest earned from the alternatives to cash.","path":["Title 20 Insurance"],"source_url":"https://www.azleg.gov/ars/20/01096-06.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"b46dd8de671d17e28bedfc9243884813fb87359f7f7971fa67fa0fd2f2e380d9","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-20-1096.05","next":"us-az/a.r.s.-20-1096.07"},"notice":"GroundRules: Original legal text. Not legal advice."}