Premium Finance Companies
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]. For more detailed contact information, see the “Contact Us” tab.
Forms and Fees
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:
Laws, Rules & Substantive Policy Statements & Regulatory Alerts
Arizona Revised Statutes
Article 1 General Provisions
6-1402 Licensure required; contents of application; fees; nontransferable; branch office permit
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
Arizona Administrative Code Title 20
Substantive Policy Statements
ARTICLE 1. General Administration
CREDIT REPORTS/ARREST RECORDS GE-3
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].