Arizona § 41-622.02 Consumer loss recovery fund

Arizona Statutes

§ 41-622.02 — Consumer loss recovery fund

Arizona § 41-622.02

Title 41Arizona Revised Statutes

Ch. 3RISK MANAGEMENT

Art. 1Insurance; Uninsured Losses

This text of Arizona § 41-622.02 (Consumer loss recovery 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. § 41-622.02 (2026).

Text

A.A consumer loss recovery fund is established in the department of administration consisting of monies transferred to the fund from the budget stabilization fund established by section 35-144. Monies in the fund shall pay for claims, adjusting costs, processing costs, legal defense costs and administrative costs as provided by law.

B.The department of administration shall file a monthly report by the twenty-fifth day of the next month with the governor, the president of the senate and the speaker of the house of representatives. The monthly report shall include, at a minimum, the number of claims settled, the dollar costs associated with claims and the operating monies spent in support of the program.

C.All monies recovered by the state pursuant to litigation of false claims shall b

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A. A consumer loss recovery fund is established in the department of administration consisting of monies transferred to the fund from the budget stabilization fund established by section 35-144. Monies in the fund shall pay for claims, adjusting costs, processing costs, legal defense costs and administrative costs as provided by law.

B. The department of administration shall file a monthly report by the twenty-fifth day of the next month with the governor, the president of the senate and the speaker of the house of representatives. The monthly report shall include, at a minimum, the number of claims settled, the dollar costs associated with claims and the operating monies spent in support of the program.

C. All monies recovered by the state pursuant to litigation of false claims shall be deposited in the state general fund.

D. Monies in the consumer loss recovery fund are continuously appropriated and are exempt from the provisions of section 35-190 relating to lapsing of appropriations.