# A.R.S. § 20-1543: 20-1543 Limitation on geographic concentration

> Arizona · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1543

## Section

- **Citation:** A.R.S. § 20-1543
- **Heading:** 20-1543 Limitation on geographic concentration
- **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 1543

## Text

20-1543. Limitation on geographic concentration

A. A mortgage guaranty insurance company shall not:

1. Insure loans secured by a single risk in excess of ten per cent of the company's aggregate capital, surplus and contingency reserve.

2. Have more than twenty per cent of its total insurance in force in any one standard metropolitan statistical area, as defined by the United States department of commerce.

B. The provisions of this section shall not apply to a mortgage guaranty insurance company until it has possessed a certificate of authority in this state for three years.

## 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_S1543. Check the current official text before relying on it. Not legal advice.