This License is required of any person who engages in the business of financing insurance premiums, enters into premiums, enters into premium finance agreements, or otherwise acquires premium finance agreements.

Who is exempt from this License?  Please review A.R.S. § 6-1403

Inquiries concerning the preparation and filing of License and renewal applications with the Department should be directed to the Licensing Division at 602-771-2800 or e-mail at [email protected].

Application Fees and Forms for Premium Finance Companies
Arizona Revised Statues §6-126 et seq.

The following nonrefundable fees are payable to the department with the filing of the following applications:

Arizona Revised Statutes

Article 1     General Provisions

6-1401          Definitions

6-1402          Licensure required; contents of application; fees; nontransferable; branch office permit

6-1403          Exemptions

6-1404          Denial, suspension or revocation of licenses and branch office permits

6-1405          Issuance of license or branch office permit; license year; requirements

6-1406          Books and records of premium finance company; access to records

6-1407           Removal of place of business

6-1408          Annual report of licensee; civil penalty for failure to file

6-1409          Effect of revocation, suspension or surrender on preexisting contracts; impairment of contracts

6-1410           Form of premium finance agreement; notice

6-1411            Disclosure requirements

6-1412            Limitation on interest and other charges

6-1413            Other charges allowed

6-1414            Splitting of premium finance agreement prohibited

6-1415             Cancellation of insurance contract upon default

6-1416             Return premiums

6-1417             Servicing of premium finance agreements

6-1418          Exemption from any filing requirements

6-1419          Rules

Arizona Administrative Code Title 20 
N/A

Substantive Policy Statements 
ARTICLE 1. General Administration
APPLICATIONS GE-1 
CREDIT REPORTS/ARREST RECORDS  GE-3

Regulatory Alerts
N/A

It is the policy of AZDFI to select the most effective and efficient methods of conducting examinations so that significant risks affecting safety and soundness, as well as substantive statutory compliance, can be identified and, if necessary, appropriate supervisory action taken.  Judgment must be utilized to ensure that necessary procedures are performed and ineffective activities are avoided.

The examination fee in accordance with A.R.S. 6-125 is not more than sixty-five dollars per hour for each examiner.  The assessment late penalty is fifty dollars for each day after the thirty day period the enterprise fails to remit the assessment not to exceed the examination assessment amount.

Pursuant to A.R.S. 6-122(3) examination frequency is at the Superintendent’s discretion.

For questions concerning examination of your company or license, please contact the Financial Enterprise Division at 602-771-2777 or e-mail to [email protected].

ARS § 41-1030(G) requires most Arizona government agencies to prominently print the provisions of ARS § 41-1030(B), (D), (E) and (F) on all license applications.  The following is the language in ARS § 41-1030(B), (D), (E) and (F):

B. An agency shall not base a licensing decision in whole or in part on a licensing requirement or condition that is not specifically authorized by statute, rule or state tribal gaming compact. A general grant of authority in statute does not constitute a basis for imposing a licensing requirement or condition unless a rule is made pursuant to that general grant of authority that specifically authorizes the requirement or condition.

D. This section may be enforced in a private civil action and relief may be awarded against the state.  The court may award reasonable attorney fees, damages and all fees associated with the license application to a party that prevails in an action against the state for a violation of this section.

E. A state employee may not intentionally or knowingly violate this section.  A violation of this section is cause for disciplinary action or dismissal pursuant to the agency’s adopted personnel policy.

F. This section does not abrogate the immunity provided by section 12-820.01 or 12-820.02.