Arizona § 20-515 - Valuation of assets held in separate accounts
Full text of Arizona Arizona Revised Statutes § 20-515 — Valuation of assets held in separate accounts, with citation guidance and answers to common questions.
§ 20-515. Valuation of assets held in separate accounts
Assets, unless otherwise approved by the director, allocated to a separate account established pursuant to section 20-651 shall be valued at their market value on the date of valuation, or if there is no readily available market, then as provided under the terms of the contract or the rules or other written agreement applicable to such separate account, provided that unless otherwise approved by the director, the portion if any of the assets of such separate account equal to the company's reserve liability with regard to the guaranteed benefits and funds referred to in subsection C of section 20-651 shall be valued in accordance with the rules otherwise applicable to the company's assets.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-515
What does Arizona Revised Statutes § 20-515 cover?
Section 20-515 ("Valuation of assets held in separate accounts") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 20-515?
A common citation format is "Arizona Revised Statutes § 20-515" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 20-515 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.