Arizona Revised Statutes
Ariz. Rev. Stat. § 20-623 (2026)
Order of conservation or ancillary liquidation of foreign or alien insurers
✓ current as of May 2026
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A. An order to conserve the assets of a foreign or alien insurer shall require the director as ancillary receiver to take immediate possession of the property of the insurer within this state and to conserve it, subject to the further direction of the court.
B. An order to liquidate the assets in this state of a foreign insurer shall require the director as ancillary receiver to take immediate possession of the property of the insurer within this state and to liquidate it subject to the orders of the court and with due regard to the rights and powers of the domiciliary receiver, as provided in this article.
Notes of Decisions
Cited in 1
case, 1984–1984 · leading case: State Ex Rel. Low v. Imperial Ins., 682 P.2d 431 (Ariz. Ct. App. 1984).
State Ex Rel. Low v. Imperial Ins., 682 P.2d 431 (Ariz. Ct. App. 1984). “The statute provides, in pertinent part: An order to liquidate the assets in this state of a foreign insurer shall require the director forthwith to take possession of the property of the insurer within this state and to liquidate it subject to the orders of the court and with…”
Ariz. Rev. Stat. § 20-623(B): 1 case
State Ex Rel. Low v. Imperial Ins., 682 P.2d 431 (Ariz. Ct. App. 1984). “The statute provides, in pertinent part: An order to liquidate the assets in this state of a foreign insurer shall require the director forthwith to take possession of the property of the insurer within this state and to liquidate it subject to the orders of the court and with…”
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