# A.R.S. § 20-1096.01: 20-1096.01 Formation of mechanical reimbursement reinsurer; articles of incorporation

> Arizona · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.01

## Section

- **Citation:** A.R.S. § 20-1096.01
- **Heading:** 20-1096.01 Formation of mechanical reimbursement reinsurer; articles of incorporation
- **Jurisdiction:** Arizona
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Arizona Code / Title 20 / Chapter 4 / Article 12 / Section 1096.01

## Text

20-1096.01. Formation of mechanical reimbursement reinsurer; articles of incorporation

A. Five or more individuals who are eighteen years of age or older may incorporate as a mechanical reimbursement reinsurer. Not less than two-thirds of the incorporators shall be citizens of the United States residing in this state.

B. In addition to the requirements of title 10, chapter 2, article 1, the articles of incorporation shall state:

1. The limitation upon the powers of the corporation consistent with this article.

2. The number of directors, not less than five nor more than fifteen, who shall conduct the affairs of the corporation and the names and addresses of the corporation's first directors and officers for stated terms of office of not less than two months or more than one year.

3. The time of the annual meeting of shareholders.

4. The city or town in this state in which the principal place of business is to be located and the counties, states and countries in which business may be transacted.

5. The limitations, if any, on the corporation's indebtedness.

6. The extent, if any, to which stock of the corporation is liable to assessment.

## Nearby sections

- [A.R.S. § 20-1096 20-1096 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.md)
- [A.R.S. § 20-1096.01 20-1096.01 Formation of mechanical reimbursement reinsurer; articles of incorporation](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.01.md)
- [A.R.S. § 20-1096.02 20-1096.02 Capital](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.02.md)
- [A.R.S. § 20-1096.03 20-1096.03 Surplus](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.03.md)
- [A.R.S. § 20-1096.04 20-1096.04 Qualifications](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.04.md)
- [A.R.S. § 20-1096.05 20-1096.05 Annual reports; renewal of certificate of authority](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.05.md)
- [A.R.S. § 20-1096.06 20-1096.06 Filing of cash or alternatives to cash](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.06.md)
- [A.R.S. § 20-1096.07 20-1096.07 Reserves](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.07.md)
- [A.R.S. § 20-1096.08 20-1096.08 Nonrenewal, revocation or suspension of certificate of authority](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.08.md)
- [A.R.S. § 20-1096.09 20-1096.09 Cease and desist order; violation of article](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.09.md)
- [A.R.S. § 20-1096.10 20-1096.10 Rules and regulations](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.10.md)
- [A.R.S. § 20-1096.11 20-1096.11 Scope and limitations of article](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.11.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.01. Check the current official text before relying on it. Not legal advice.