An order from the Arizona Department of Insurance stopping theissuing of new commitments from PMI Mortgage Insurance and PMIInsurance Co. will not impact CMG Mortgage Insurance Co., CUNAMutual Group said.

In a statement, PMI Group Inc. said under the order, PMIMortgage Insurance and PMI Insurance Co. were required to ceaseissuing new mortgage insurance commitments effective as of close ofbusiness Aug. 19 unless otherwise approved by the director orsupervisor of the Arizona Department of Insurance.

CMG Mortgage Insurance operates as a corporate joint venturebetween CUNA Mutual Insurance Society and PMI Mortgage InsuranceCo. CMG Mortgage Insurance said there will be no interruptionin daily operations and it will continue to write business in all50 states.

In an Aug. 19 statement, CUNA Mutual Group Vice President SeanDilweg said, “In addition to the company's solid operatingperformance and strong financial footing, CMG MI continues to enjoythe strong support of its joint venture partner CUNA MutualGroup.”

Dilweg went on to say “CMG MI will continue to benefittremendously from CUNA Mutual's management and financial strengthas well as PMI's ongoing operational services.”

Under the Arizona order, PMI Mortgage Insurance and PMIInsurance may issue mortgage insurance policies under pendingcommitments through the close of business on Sept. 16, according toa statement from PMI Group.

PMI Mortgage Insurance is also required to cease making interestpayments on the $285 million in aggregate principal amount ofsurplus notes that it has issued in favor of the company.