# A.R.S. § 20-1542: 20-1542 Capital and surplus

> Arizona · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1542

## Section

- **Citation:** A.R.S. § 20-1542
- **Heading:** 20-1542 Capital and surplus
- **Jurisdiction:** Arizona
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Arizona Code / Title 20 / Chapter 6 / Article 8.1 / Section 1542

## Text

20-1542. Capital and surplus

A. A mortgage guaranty insurance company shall not transact the business of mortgage guaranty insurance unless:

1. If a stock insurance company, it has paid in capital of at least one million dollars and paid in surplus of at least one million dollars.

2. If a mutual insurance company, it has a minimum initial surplus of two million dollars.

B. A stock company or a mutual company shall at all times thereafter maintain a minimum policyholders' surplus of at least one million five hundred thousand dollars.

## Nearby sections

- [A.R.S. § 20-1541 20-1541 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1541.md)
- [A.R.S. § 20-1542 20-1542 Capital and surplus](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1542.md)
- [A.R.S. § 20-1543 20-1543 Limitation on geographic concentration](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1543.md)
- [A.R.S. § 20-1544 20-1544 Limitation on advertising](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1544.md)
- [A.R.S. § 20-1545 20-1545 Limitation on investment](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1545.md)
- [A.R.S. § 20-1547 20-1547 Mortgage guaranty insurance as monoline](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1547.md)
- [A.R.S. § 20-1548 20-1548 Underwriting discrimination](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1548.md)
- [A.R.S. § 20-1549 20-1549 Policy forms and premium rates filed](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1549.md)
- [A.R.S. § 20-1550 20-1550 Minimum policyholder position; definitions](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1550.md)
- [A.R.S. § 20-1551 20-1551 Rebates, commissions and charges](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1551.md)
- [A.R.S. § 20-1552 20-1552 Compensating balances prohibited](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1552.md)
- [A.R.S. § 20-1553 20-1553 Conflict of interest](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1553.md)
- [A.R.S. § 20-1554 20-1554 Unearned premium reserve](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1554.md)
- [A.R.S. § 20-1555 20-1555 Loss reserve](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1555.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1542. Check the current official text before relying on it. Not legal advice.