Arizona § 20-582 - Purpose of deposits
Full text of Arizona Arizona Revised Statutes § 20-582 — Purpose of deposits, with citation guidance and answers to common questions.
§ 20-582. Purpose of deposits
Deposits made under the provisions of section 20-581, shall be held for purposes as follows:
1. When the deposit is required for authority to transact insurance in this state the deposit shall be held for the protection of all the insurer's policyholders within the United States.
2. When the deposit is required pursuant to the laws of another state, province or country, the deposit shall be held for such purposes as are required by such laws, and as specified by the director at the time the deposit is made.
3. When the deposit is required pursuant to the retaliatory provision set forth in section 20-230, the deposit shall be held for purposes as specified in the director's order requiring the deposit.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-582
What does Arizona Revised Statutes § 20-582 cover?
Section 20-582 ("Purpose of deposits") 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 § 20-582?
A common citation format is "Arizona Revised Statutes § 20-582" (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 § 20-582 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.