# A.R.S. § 20-1096.06: 20-1096.06 Filing of cash or alternatives to cash

> Arizona · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C4_A12_S1096.06

## Section

- **Citation:** A.R.S. § 20-1096.06
- **Heading:** 20-1096.06 Filing of cash or alternatives to cash
- **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 1096.06

## Text

20-1096.06. Filing of cash or alternatives to cash

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.

B. 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.

C. 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.

## 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_S1096.06. Check the current official text before relying on it. Not legal advice.