20-1098.19 - Arizona Statutes

20-1098.19. Establishment of branch captive insurer A. A branch captive insurer may be established in this state pursuant to this chapter to write insurance or reinsurance in this state except as provided in section 20-1098.01, subsection B and other than workers' compensation or employers' liability insurance. B. A branch captive insurer shall not conduct any insurance business in this state unless it maintains the principal place of business for its branch operations in this state. C. A branch captive insurer shall be a pure captive insurer with respect to operations and minimum capitalization in this state unless otherwise permitted by the director.