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

Ariz. Rev. Stat. § 20-683 (2026)

Life and disability insurance guaranty fund

✓ current as of May 2026
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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.

Notes of Decisions
Cited in 3 cases, 1990–1997 · leading case: Arizona Life & Disability Ins. Guar. Fund v. Honeywell, Inc., 945 P.2d 805 (Ariz. 1997).
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Arizona Life & Disability Ins. Guar. Fund v. Honeywell, Inc., 945 P.2d 805 (Ariz. 1997). · cites it 4× “" A.R.S. § 20-683(A). A member insurer is a "person authorized to transact any kind of insurance to which this article applies.”
Arizona Life & Disability Ins. Guar. Fund v. Honeywell, Inc., 927 P.2d 806 (Ariz. Ct. App. 1996). · cites it 4× “A.R.S. § 20-683(A) (1990). All costs, expenses and liabilities of the Fund are paid from assessments levied against the member insurers.”
Wells Fargo Credit Corp. v. Arizona Prop. & Cas. Ins. Guar. Fund, 799 P.2d 908 (Ariz. Ct. App. 1990). · cites it 2× “The Fund attempts to draw a distinction between the two guaranty funds by arguing that the life and disability guaranty fund is made of member insurers for whom membership is not voluntary, see A.R.S. § 20-683(A), and therefore it is necessary that that fund be specifically…”
— Ariz. Rev. Stat. § 20-683(A) — 3 cases
Arizona Life & Disability Ins. Guar. Fund v. Honeywell, Inc., 945 P.2d 805 (Ariz. 1997). “" A.R.S. § 20-683(A). A member insurer is a "person authorized to transact any kind of insurance to which this article applies.”
Wells Fargo Credit Corp. v. Arizona Prop. & Cas. Ins. Guar. Fund, 799 P.2d 908 (Ariz. Ct. App. 1990). “The Fund attempts to draw a distinction between the two guaranty funds by arguing that the life and disability guaranty fund is made of member insurers for whom membership is not voluntary, see A.R.S. § 20-683(A), and therefore it is necessary that that fund be specifically…”
Arizona Life & Disability Ins. Guar. Fund v. Honeywell, Inc., 927 P.2d 806 (Ariz. Ct. App. 1996). “A.R.S. § 20-683(A) (1990). All costs, expenses and liabilities of the Fund are paid from assessments levied against the member insurers.”
— Ariz. Rev. Stat. § 20-683(C) — 1 case
Arizona Life & Disability Ins. Guar. Fund v. Honeywell, Inc., 927 P.2d 806 (Ariz. Ct. App. 1996). “A.R.S. § 20-683(A) (1990). All costs, expenses and liabilities of the Fund are paid from assessments levied against the member insurers.”
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