Ariz. Rev. Stat. » Title 20
Arizona Revised Statutes

Ariz. Rev. Stat. § 20-662 (2026)

Arizona property and casualty insurance guaranty fund

✓ current as of May 2026
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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.

Notes of Decisions
Cited in 10 cases, 1975–2002 · leading case: Arizona Prop. & Cas. Ins. Guar. Fund v. Helme, 735 P.2d 451 (Ariz. 1987).
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Arizona Prop. & Cas. Ins. Guar. Fund v. Helme, 735 P.2d 451 (Ariz. 1987). · cites it 2× “See A.R.S. §§ 20-662 and 20-666 (Supp.1986).”
Bills v. Arizona Prop. & Cas. Ins. Guar. Fund, 984 P.2d 574 (Ariz. Ct. App. 1999). · cites it 2× “78, § 2 (enacting former A.R.S. §§ 20-662(A), 20-663, and 20-664).”
State v. Arizona Prop. & Cas. Ins. Guar. Fund, 966 P.2d 557 (Ariz. Ct. App. 1998). · cites it 8× “A.R.S. §§ 20-662 through 20-664. Second, the Fund’s money comes not from general revenues but is collected from insurance companies doing business in Arizona, such as Mission Insurance, based on the amount of their in-state business.”
Wells Fargo Credit Corp. v. Arizona Prop. & Cas. Ins. Guar. Fund, 799 P.2d 908 (Ariz. Ct. App. 1990). · cites it 2× “A.R.S. § 20-662(0- In this regard, § 20-666(A) provides: The [guaranty fund] board shall assess each member insurer, as a condition of such insurer’s authority to transact insurance in this state, in such amounts as are necessary to pay the obligations of the fund pursuant to §…”
Clark Equip. Co. v. Arizona Prop. & Cas. Ins. Guar. Fund, 943 P.2d 793 (Ariz. Ct. App. 1997). · cites it 4× “See A.R.S. §§ 20-662, -666(A). If workers’ compensation proceeds were allowed as an offset to Fund obligations, then, effectively, nonmember, exempt insurers would be financing those obligations.”
Indiana Ins. Guar. Ass'n v. Blickensderfer, 778 N.E.2d 439 (Ind. Ct. App. 2002). “See A.R.S. §§ 20-662, -666(A). If workers’ compensation proceeds were allowed as an offset to Fund obligations, then, effectively, nonmember, exempt insurers would be financing those obligations.”
Barmat v. John & Jane Doe Partners AD, 747 P.2d 1214 (Ariz. Ct. App. 1986). · cites it 2× “STATUTORY IMMUNITY The Arizona Guaranty Fund was created under the authority of A.R.S. § 20-662. An 11-member, appointed board oversees the Fund and is charged with investigating, compromising, paying and *517 denying claims against insolvent insurers.”
Fireman's Fund Ins. v. Arizona Ins. Guar. Ass'n, 536 P.2d 695 (Ariz. 1975). “§ 20-662. It has a “plan of operation” drawn up by its members.”
State v. Az. Prop. & Cas. Ins., 966 P.2d 557 (Ariz. Ct. App. 1998). · cites it 8× “A.R.S. §§ 20-662 through 20-664. Second, the Fund's money comes not from general revenues but is collected from insurance companies doing business in Arizona, such as Mission Insurance, based on the amount of their in-state business.”
Clark Equip. v. Prop. & Cas. Ins. Guar., 943 P.2d 793 (Ariz. Ct. App. 1997). · cites it 4× “See A.R.S. §§ 20-662, -666(A). If workers' compensation proceeds were allowed as an offset to Fund obligations, then, effectively, nonmember, exempt insurers would be financing those obligations.”
— Ariz. Rev. Stat. § 20-662(A) — 1 case
Bills v. Arizona Prop. & Cas. Ins. Guar. Fund, 984 P.2d 574 (Ariz. Ct. App. 1999). “78, § 2 (enacting former A.R.S. §§ 20-662(A), 20-663, and 20-664).”
— Ariz. Rev. Stat. § 20-662(C) — 4 cases
State v. Arizona Prop. & Cas. Ins. Guar. Fund, 966 P.2d 557 (Ariz. Ct. App. 1998). “A.R.S. §§ 20-662 through 20-664. Second, the Fund’s money comes not from general revenues but is collected from insurance companies doing business in Arizona, such as Mission Insurance, based on the amount of their in-state business.”
Clark Equip. Co. v. Arizona Prop. & Cas. Ins. Guar. Fund, 943 P.2d 793 (Ariz. Ct. App. 1997). “See A.R.S. §§ 20-662, -666(A). If workers’ compensation proceeds were allowed as an offset to Fund obligations, then, effectively, nonmember, exempt insurers would be financing those obligations.”
State v. Az. Prop. & Cas. Ins., 966 P.2d 557 (Ariz. Ct. App. 1998). “A.R.S. §§ 20-662 through 20-664. Second, the Fund's money comes not from general revenues but is collected from insurance companies doing business in Arizona, such as Mission Insurance, based on the amount of their in-state business.”
Clark Equip. v. Prop. & Cas. Ins. Guar., 943 P.2d 793 (Ariz. Ct. App. 1997). “See A.R.S. §§ 20-662, -666(A). If workers' compensation proceeds were allowed as an offset to Fund obligations, then, effectively, nonmember, exempt insurers would be financing those obligations.”
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