Arizona § 20-683 Life and disability insurance guaranty fund

Arizona Statutes

§ 20-683 — Life and disability insurance guaranty fund

Arizona § 20-683

Title 20Arizona Revised Statutes

Ch. 3FINANCIAL PROVISIONS AND PROCEDURES

Art. 7Administration of Life and Disability Insurance Insolvencies

This text of Arizona § 20-683 (Life and disability 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. § 20-683 (2026).

Text

A.The life and disability insurance guaranty fund is established in the department. The fund shall be deposited in a depository designated by the director. All member insurers shall be members of the fund as a condition of their authority to transact insurance or a health care services organization business in this state. For the purposes of administration and assessment, the fund shall maintain three accounts:

1.The disability account.

2.The life insurance account.

3.The annuity account.

B.The fund is under the immediate supervision of the director and is subject to the applicable provisions of the insurance laws of this state.

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

D.All monies placed i

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A. The life and disability insurance guaranty fund is established in the department. The fund shall be deposited in a depository designated by the director. All member insurers shall be members of the fund as a condition of their authority to transact insurance or a health care services organization business in this state. For the purposes of administration and assessment, the fund shall maintain three accounts:

1. The disability account.

2. The life insurance account.

3. The annuity account.

B. The fund is under the immediate supervision of the director and is subject to the applicable provisions of the insurance laws of this state.

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

D. All monies placed in the accounts of the fund may be expended for the purposes of this article.