Arizona § 15-386 - Insurance refund fund
Full text of Arizona Arizona Revised Statutes § 15-386 — Insurance refund fund, with citation guidance and answers to common questions.
§ 15-386. Insurance refund fund
A. Monies retained for insurance premium payments which are refunded to a school district at the end of a fiscal year by an insurer with which the governing board contracted for that fiscal year may be deposited with the county treasurer who shall credit the deposits to the insurance refund fund of the district.
B. The insurance refund fund of a school district is a continuing fund not subject to reversion. Monies from the insurance refund fund may:
1. Be expended for insurance premium payments.
2. Be placed into a trust to be used for payments of uninsured losses, claims, defense costs and other related expenses as provided in section 15-382.
3. Be used for reduction of taxes in the budget year.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 15-386
What does Arizona Revised Statutes § 15-386 cover?
Section 15-386 ("Insurance refund fund") 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 § 15-386?
A common citation format is "Arizona Revised Statutes § 15-386" (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 § 15-386 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.