--- title: "Arizona Fidelity Bonds for Credit Unions" description: "Arizona credit unions should align the fidelity bond with federal share-insurance requirements and the state faithful-performance term." canonical: "https://spot.insure/coverage/fidelity-bonds/arizona" page-type: "coverage-state-guide" updated-at: "2026-09-28" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/coverage/fidelity-bonds/arizona) # Arizona Fidelity Bonds for Credit Unions Arizona-chartered credit unions must maintain fidelity coverage in the form and amount required for federal share insurance, and the state rule expressly adds faithful-performance-of-duty coverage. The state rule also directs credit unions to an insurer authorized for surety business in Arizona, so confirm the state and federal requirements against the actual bond form.[^1][^2] **Coverage:** [Fidelity bonds](/coverage/fidelity-bonds) · [Arizona](/coverage/states/arizona) ## What Is Fidelity Bonds? Fidelity coverage can reimburse certain losses when employees steal money or property they handle. If employees manage company funds, customer property or benefit-plan assets, identify each owner and compare the required protection for each interest. [Read the national Fidelity bonds guide](/coverage/fidelity-bonds). ## Arizona Requirements | Requirement | Details | | --- | --- | | Covered class | An Arizona credit union must maintain a fidelity bond in the form and amount required for federal insurance on its accounts, including faithful-performance-of-duty coverage.[^1][^2] | ## What to Watch for in Arizona ### Check the Arizona faithful-performance term Arizona requires any bond purchased to comply with R20-4-401 to include faithful-performance-of-duty coverage. Ask the carrier to point to the operative clause in the credit union form; a general employee-dishonesty label does not prove that this added term is present.[^1] ### Reconcile state and federal requirements The Arizona rule ties form and amount to maintaining federal account insurance; NCUA’s current bond resource describes the federal requirement, asset-based minimums, covered personnel, and periodically updated approved forms. Confirm the credit union’s charter and share-insurance status before using a form or limit.[^1][^2] ### Check the issuer and the credit union’s own assets The Arizona rule requires the bond to come from an insurer holding a certificate of authority to transact surety business in the state. Separately verify the named credit union, employee/director population, money and securities exposures, and treatment of outside fraud or computer-transfer loss.[^1][^2] ### Keep plan assets separate from credit-union assets If the credit union or an employer client also handles private ERISA plan assets, review the plan’s bond separately. ERISA protects the plan against specified fraud or dishonesty; it is not automatically met by a credit-union bond for the institution’s own assets.[^3] ## Who Regulates Insurance in Arizona **Arizona Department of Insurance and Financial Institutions.** Arizona DIFI regulates insurance companies and insurance professionals, including producers and surplus-lines brokers. Its license search covers both individual or business licensees and insurance companies, and its complaint page explains how to file with the Department.[^4][^5][^6] - [Regulator website](https://difi.az.gov/) - [License lookup](https://difi.az.gov/license-search) - [File a complaint](https://difi.az.gov/file-a-complaint) - Phone: (800) 544-2378 ### Surplus-Lines Tax and Stamping Office **Reported tax rate:** 3% of gross premium and taxable policy fees, less returns; stamping fee rate not verified When Arizona is the insured’s home state, the tax is 3% of gross premium and taxable policy fees, less returned premium; the statute excludes stamping fees from that tax base. For a multistate risk, Arizona’s share is allocated by exposure under the statute. Arizona's surplus-lines policy notice says these policies do not receive guaranty-fund protection. Current stamping-fee amount was not independently confirmed from readable current evidence and is omitted.[^7][^9][^11][^12] [The Surplus Line Association of Arizona](https://www.sla-az.org/) **Arizona has an exempt-commercial-purchaser search exception:** A surplus-lines broker generally must make diligent effort to place an Arizona risk in the admitted market. For an exempt commercial purchaser, federal law removes that search only after the broker discloses the admitted-market protection difference and the purchaser then asks in writing for nonadmitted coverage.[^8][^10] ## Providers With Documented State Licenses These providers publish a national listing for Fidelity bonds; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm that the product is available in Arizona; [check the regulator’s license lookup](https://difi.az.gov/license-search) and confirm state availability for your business when requesting a quote. - [TechInsurance](/insurance-providers/techinsurance) — **Entity:** Specialty Program Group LLC; **role:** Insurance producer; **checked:** 2026-09-28. **Scope:** TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map.[^19] - [Vouch](/insurance-providers/vouch) — **Entity:** Vouch Specialty Insurance Services, LLC; **role:** Insurance producer, Surplus-lines broker; **checked:** 2026-09-28. **Scope:** Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability.[^20] ## Questions to Ask Before You Buy in Arizona 1. Does this bond form include Arizona’s faithful-performance-of-duty clause and meet the applicable federal share-insurance minimum? 2. Which employees, directors, committee members, service providers, and funds are actually covered under the current form? 3. Is the issuing insurer authorized for Arizona surety business, and are the required forms currently approved for this credit union? 4. Are any employee-benefit-plan assets handled, and if so, who is separately bonded for those plan assets? ## Fidelity Bonds in Arizona: FAQ ### Does Arizona require every business to carry this credit-union bond? No. R20-4-401 applies to credit unions and links the required form and amount to federal account insurance; it is not a general employer rule.[^1][^2] ### Does a credit-union fidelity bond replace the ERISA plan bond? The bond protects a different named interest unless the actual plan bond satisfies ERISA’s own test. Check which plan assets and handlers are covered under 29 U.S.C. § 1112.[^3] ## Fidelity Bonds in Other States - [Alabama](/coverage/fidelity-bonds/alabama) - [Alaska](/coverage/fidelity-bonds/alaska) - [Arkansas](/coverage/fidelity-bonds/arkansas) - [California](/coverage/fidelity-bonds/california) - [Colorado](/coverage/fidelity-bonds/colorado) - [Connecticut](/coverage/fidelity-bonds/connecticut) - [Delaware](/coverage/fidelity-bonds/delaware) - [District of Columbia](/coverage/fidelity-bonds/district-of-columbia) - [Florida](/coverage/fidelity-bonds/florida) - [Georgia](/coverage/fidelity-bonds/georgia) - [Hawaii](/coverage/fidelity-bonds/hawaii) - [Idaho](/coverage/fidelity-bonds/idaho) - [Illinois](/coverage/fidelity-bonds/illinois) - [Indiana](/coverage/fidelity-bonds/indiana) - [Iowa](/coverage/fidelity-bonds/iowa) - [Kansas](/coverage/fidelity-bonds/kansas) - [Kentucky](/coverage/fidelity-bonds/kentucky) - [Louisiana](/coverage/fidelity-bonds/louisiana) - [Maine](/coverage/fidelity-bonds/maine) - [Maryland](/coverage/fidelity-bonds/maryland) - [Massachusetts](/coverage/fidelity-bonds/massachusetts) - [Michigan](/coverage/fidelity-bonds/michigan) - [Minnesota](/coverage/fidelity-bonds/minnesota) - [Mississippi](/coverage/fidelity-bonds/mississippi) - [Missouri](/coverage/fidelity-bonds/missouri) - [Montana](/coverage/fidelity-bonds/montana) - [Nebraska](/coverage/fidelity-bonds/nebraska) - [Nevada](/coverage/fidelity-bonds/nevada) - [New Hampshire](/coverage/fidelity-bonds/new-hampshire) - [New Jersey](/coverage/fidelity-bonds/new-jersey) - [New Mexico](/coverage/fidelity-bonds/new-mexico) - [New York](/coverage/fidelity-bonds/new-york) - [North Carolina](/coverage/fidelity-bonds/north-carolina) - [North Dakota](/coverage/fidelity-bonds/north-dakota) - [Ohio](/coverage/fidelity-bonds/ohio) - [Oklahoma](/coverage/fidelity-bonds/oklahoma) - [Oregon](/coverage/fidelity-bonds/oregon) - [Pennsylvania](/coverage/fidelity-bonds/pennsylvania) - [Rhode Island](/coverage/fidelity-bonds/rhode-island) - [South Carolina](/coverage/fidelity-bonds/south-carolina) - [South Dakota](/coverage/fidelity-bonds/south-dakota) - [Tennessee](/coverage/fidelity-bonds/tennessee) - [Texas](/coverage/fidelity-bonds/texas) - [Utah](/coverage/fidelity-bonds/utah) - [Vermont](/coverage/fidelity-bonds/vermont) - [Virginia](/coverage/fidelity-bonds/virginia) - [Washington](/coverage/fidelity-bonds/washington) - [West Virginia](/coverage/fidelity-bonds/west-virginia) - [Wisconsin](/coverage/fidelity-bonds/wisconsin) - [Wyoming](/coverage/fidelity-bonds/wyoming) [Other Coverage in Arizona](/coverage/states/arizona) ## Sources [^1]: [Arizona Administrative Code, Title 20, Chapter 4](https://apps.azsos.gov/public_services/Title_20/20-04.pdf) — Arizona Secretary of State; R20-4-401(A)-(C), credit-union fidelity coverage; supplement 25-4 dated December 31, 2025; history records October 2, 2023 effective amendment. Accessed 2026-09-28. [^2]: [Credit Union Bonds](https://ncua.gov/regulation-supervision/manuals-guides/credit-union-bonds) — National Credit Union Administration; Federal share-insurance relationship, minimums, covered personnel, approved bond-form list; page last modified September 15, 2026. Accessed 2026-09-28. [^3]: [29 U.S.C. § 1112, Bonding](https://uscode.house.gov/view.xhtml?edition=prelim&num=0&req=granuleid%3AUSC-prelim-title29-section1112) — Office of the Law Revision Counsel, U.S. House of Representatives; Subsections (a)-(e), current preliminary edition text. Accessed 2026-09-28. [^4]: [Arizona Department of Insurance and Financial Institutions](https://difi.az.gov/) — Arizona Department of Insurance and Financial Institutions; Official agency homepage. Accessed 2026-09-28. [^5]: [License Search](https://difi.az.gov/license-search) — Arizona Department of Insurance and Financial Institutions; Search for individual or business licensees and insurance companies; insurer surplus-lines eligibility links. Accessed 2026-09-28. [^6]: [File a Complaint](https://difi.az.gov/file-a-complaint) — Arizona Department of Insurance and Financial Institutions; Department complaint information and filing destinations. Accessed 2026-09-28. [^7]: [A.R.S. § 20-416: Tax on surplus lines](https://www.azleg.gov/ars/20/00416.htm) — Arizona State Legislature; Subsection C sets the surplus-lines tax at 3% of gross premiums and requires the broker to collect it from the insured. Accessed 2026-09-28. [^8]: [License Search](https://difi.az.gov/license-search) — Arizona Department of Insurance and Financial Institutions; Department guidance on surplus-lines eligibility and diligent-effort requirement under A.R.S. § 20-407. Accessed 2026-09-28. [^9]: [Arizona House Bill 2111, Chapter 38](https://www.azleg.gov/legtext/52leg/2r/laws/0038.htm) — Arizona Legislature; Arizona House Bill 2111 (amending § 20-408) and current A.R.S. § 20-410 policy notice; see statutory notice. Accessed 2026-09-28. [^10]: [15 U.S.C. § 8205: Streamlined application for commercial purchasers](https://uscode.house.gov/view.xhtml?req=%28title%3A15+section%3A8205+edition%3Aprelim%29) — U.S. House of Representatives, Office of the Law Revision Counsel; Broker's due-diligence search exception for an exempt commercial purchaser requires prior disclosure that admitted-market insurance may offer greater protection/regulatory oversight and the purchaser's subsequent written request for nonadmitted placement. Accessed 2026-09-28. [^11]: [A.R.S. § 20-410: Validity, disclosure, policy fees](https://www.azleg.gov/ars/20/00410.htm) — Arizona State Legislature; Subsection B requires surplus-lines notices to state insureds/claimants are ineligible for Arizona guaranty-fund protection for both foreign and domestic surplus-lines insurers; subsection C says taxes under § 20-416 apply to broker service fees. Accessed 2026-09-28. [^12]: [15 U.S.C. § 8202: Regulation of nonadmitted insurance by insured's home State](https://uscode.house.gov/view.xhtml?req=%28title%3A15+section%3A8202+edition%3Aprelim%29) — U.S. House of Representatives, Office of the Law Revision Counsel; § 8202(a): nonadmitted placement is subject solely to insured's home-State requirements, except as otherwise provided; § 8201 addresses exclusive home-State tax authority. Accessed 2026-09-28. [^13]: [Licenses](https://www.at-bay.com/licenses/) — At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21. [^14]: [Licenses and Carriers](https://www.coalitioninc.com/legal/licenses) — Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535.. Accessed 2026-09-22. [^15]: [Insurance Producer Licenses](https://www.corgi.insure/broker-licenses) — Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown.. Accessed 2026-09-28. [^16]: [About Hiscox US Insurance](https://www.hiscox.com/about-hiscox-insurance) — Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16. [^17]: [Licenses](https://www.nextinsurance.com/insurance-licenses/) — ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885.. Accessed 2026-09-28. [^18]: [About Risklytics](https://www.risklytics.ai/about/) — Risklytics; What we do; Who we insure; Licensing; Agency licenses table dated 2026-09-10. Accessed 2026-09-16. [^19]: [Insurance Licenses by State](https://www.techinsurance.com/legal/licenses) — TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number.. Accessed 2026-09-28. [^20]: [Licenses](https://www.vouch.us/legal/licenses) — Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict.. Accessed 2026-09-15. Updated 2026-09-28. This guide is informational and does not determine whether a policy is available or meets your needs. [Editorial policy](/editorial-policy). 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