The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
20-411.02 - Nonresident surplus lines broker; remittance of tax on insurance procured out of state
20-411.02. Nonresident surplus lines broker; remittance of tax on insurance procured out of state
A. The director shall license a nonresident person as a surplus lines broker in accordance with section 20-287.
B. Except as otherwise provided, a nonresident surplus lines broker is subject to this title as if the broker were licensed as a resident.
C. A license from this state is not required for a nonresident who procures surplus lines insurance in another state in which the nonresident is licensed solely because of the allocation of premium to this state to determine the surplus lines tax due to this state pursuant to section 20-416, subsection E. The nonresident shall remit the tax according to this article. The director shall prescribe the form of any reports or statements that are necessary for the nonresident to remit the tax.