20-216 - Arizona Statutes

20-216. Issuance or refusal of certificate A. If on the completion of an application the director finds that the insurer has met the requirements for and is entitled under this title, the director shall issue to the insurer a proper certificate of authority. If the director does not so find, the director shall issue an order refusing such certificate. The director shall act on an application for a certificate of authority within ninety days after its completion. B. The certificate, if issued, shall specify the kind or kinds of insurance the insurer is authorized to transact in this state. At the insurer's request, the director may issue a certificate of authority limited to particular types of insurance included within a kind of insurance as defined in this title.