Arizona § 20-662 Arizona property and casualty insurance guaranty fund

Arizona Statutes

§ 20-662 — Arizona property and casualty insurance guaranty fund

Arizona § 20-662

Title 20Arizona Revised Statutes

Ch. 3FINANCIAL PROVISIONS AND PROCEDURES

Art. 6Administration of Insolvency

This text of Arizona § 20-662 (Arizona property and casualty insurance guaranty fund) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 20-662 (2026).

Text

A.The Arizona property and casualty insurance guaranty fund is established within the department. The fund shall be deposited in a depository designated by the director and shall exercise its powers through a board established pursuant to section 20-663.

B.For the purpose of assessment, the fund shall be divided into three separate accounts:

1.The automobile insurance account.

2.The workers' compensation insurance account.

3.The account for all other insurance to which this article applies.

C.All costs, expenses and liabilities of the fund shall be paid by the fund and shall not be a general obligation of this state.

D.All monies placed in the accounts of the fund may be expended only for the purposes of this article and only for the purposes of the account into which the moni

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A. The Arizona property and casualty insurance guaranty fund is established within the department. The fund shall be deposited in a depository designated by the director and shall exercise its powers through a board established pursuant to section 20-663.

B. For the purpose of assessment, the fund shall be divided into three separate accounts:

1. The automobile insurance account.

2. The workers' compensation insurance account.

3. The account for all other insurance to which this article applies.

C. All costs, expenses and liabilities of the fund shall be paid by the fund and shall not be a general obligation of this state.

D. All monies placed in the accounts of the fund may be expended only for the purposes of this article and only for the purposes of the account into which the monies were placed. Monies placed in one of the three separate accounts established by this section may not be used directly or indirectly for any other purpose, including to satisfy an obligation attributable to another account.