Ariz. Admin. Code § R18-12-307 - Insurance and Risk Retention Group Coverage
A. Owners and operators may satisfy the
requirements of
R18-12-303 by obtaining liability
insurance that conforms to the requirements from a qualified insurer or risk
retention group. Such insurance may be in the form of a separate insurance
policy or an endorsement to an existing insurance policy.
B. Each insurance policy shall be amended by
an endorsement worded as specified in
40 CFR
280.97(b)(1) amended as of
October 13, 2015, or evidenced by a certificate of insurance worded as
specified in
40 CFR
280.97(b)(2), amended as of
October 13, 2015, except that instructions in brackets shall be replaced with
the relevant information and the brackets deleted. Termination under
40 CFR
280.97(b)(1) and (2) as
referenced in this Section means only those changes that could result in a gap
in coverage as where the insured has not obtained substitute coverage or has
obtained substitute coverage with a different retroactive date than the
retroactive date of the original policy.
C. Each insurance policy shall be issued by
an insurer or a risk retention group that, at a minimum, is licensed to
transact the business of insurance or eligible to provide insurance as an
excess or surplus lines insurer in one or more states.
Notes
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