Arizona Life and Health Insurance Administrators are required under ARS 20-485.10 of the laws of State of Arizona to file an Arizona Life and Health Insurance Administrators Registration Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Arizona Life and Health Insurance Administrators Registration Bond holds you accountable for your business decisions.
By possessing an Arizona Life and Health Insurance Administrators Registration Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.