# A.R.S. § 20-1096.03: 20-1096.03 Surplus

> Arizona · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.03

## Section

- **Citation:** A.R.S. § 20-1096.03
- **Heading:** 20-1096.03 Surplus
- **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 1096.03

## Text

20-1096.03. Surplus

A mechanical reimbursement reinsurer is required to have upon organization initial surplus in an amount not less than one-half of its minimum required capital stock and shall thereafter maintain one-half of the initial surplus.

## 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_S1096.03. Check the current official text before relying on it. Not legal advice.