Arizona Administrative Code Title 20 - COMMERCE, FINANCIAL INSTITUTIONS, AND INSURANCE
Arizona Administrative Code – Title 20: Commerce, Financial Institutions, and Insurance
Title 20 of the Arizona Administrative Code governs regulations related to commerce, financial services, and the insurance sector. It contains the rules set forth by various regulatory bodies overseeing business practices, financial institutions, and insurance operations in the state.
Main Chapters under Title 20 (as commonly organized):
Chapter 1 – Department of Insurance and Financial Institutions
Governs licensing, compliance, solvency, and conduct standards for insurers, agents, and financial institutions.
Includes rules on insurance rates, claims, consumer protections, and financial examinations.
Chapter 2 – Arizona Corporation Commission (Securities Division)
Regulates securities offerings, broker-dealer registration, and investor protections.
Includes enforcement provisions related to securities fraud.
Chapter 3 – Arizona Department of Commerce (historical/now integrated)
May include provisions related to business incentives, economic development programs, and corporate filings.
Some of these functions are now part of the Arizona Commerce Authority or integrated into other state agencies.
Chapter 4 and onward – (Subject to agency structure)
Rules for credit unions, banks, mortgage companies, title lenders, consumer lenders, and money transmitters.
Oversight of financial services innovation (e.g., regulatory sandboxes).
Key Regulatory Focus Areas in Title 20:
Insurance Regulation: Including licensing of insurers and producers, policy standards, rate filings, market conduct.
Financial Institution Oversight: Covering banks, credit unions, consumer lenders, money transmitters, mortgage brokers.
Securities Regulation: Focused on protecting investors through disclosure, registration, and enforcement of securities laws.
Economic Development: (Where applicable) Business incentives, energy policy (some overlap with Title 14), and commerce rules.
Governing Bodies Involved:
Arizona Department of Insurance and Financial Institutions (DIFI)
Arizona Corporation Commission – Securities Division
Arizona Commerce Authority (functions formerly under Dept. of Commerce)
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