6-847
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6-847. Definitions In this article, unless the context otherwise requires: 1. "Covered claim" means an unpaid claim approved by the court in accordance with section 6-833 and for which the fund is liable as provided in section 6-847.04. 2. "Fund" means the Arizona escrow recovery fund. 3. "Impaired escrow agent" means an escrow agent that has been ordered into receivership by the court under section 6-833. 4. "Real property escrow agent" means an escrow agent that also is a title insurer or title insurance agent licensed under title 20 and any wholly owned subsidiary of the real property escrow agent that is a licensed escrow agent but is not a title insurer or title insurance agent licensed under title 20. |