Arizona § 20-159 - Insurance examiners' revolving fund; definition
Full text of Arizona Arizona Revised Statutes § 20-159 — Insurance examiners' revolving fund; definition, with citation guidance and answers to common questions.
§ 20-159. Insurance examiners' revolving fund; definition
A. The director may establish a separate fund designated as the insurance examiners' revolving fund.
B. The fund shall be used for the examination expenses authorized by section 20-156 and to compensate independent contractor examiners as authorized by section 20-148. Independent contractor examiners may be reimbursed or compensated for:
1. Actual travel expenses in amounts customary for such expenses and approved by the director.
2. A reasonable living expense allowance at a rate customary for such expenses and approved by the director.
3. Per diem compensation at a rate customary for such compensation as approved by the director.
C. All persons receiving any reimbursement or compensation from the insurance examiners' revolving fund shall submit to the director for approval a detailed account of all expenses and compensation necessarily incurred on account of an examination. Persons shall not receive or accept any additional emolument on account of an examination. Any reimbursement or compensation made by the fund and approved by the director shall be charged to the person being examined by the director and all receipts shall be credited to the fund.
D. The fund is a special state fund pursuant to section 35-142, subsection A, paragraph 8. Monies in the insurance examiners' revolving fund shall not revert to the general fund.
E. Each authorized insurer shall deposit at a time determined by the director the sum of one hundred dollars with the director to be credited to the insurance examiners' revolving fund. Such deposit not to exceed one hundred dollars shall be returned only if such insurer ceases to transact insurance business in this state.
F. For purposes of this section, "insurer" includes health care services organizations, prepaid dental plan organizations, hospital service corporations, medical service corporations, dental service corporations and hospital, medical, dental and optometric service corporations incorporated in this state.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-159
What does Arizona Revised Statutes § 20-159 cover?
Section 20-159 ("Insurance examiners' revolving fund; definition") 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 § 20-159?
A common citation format is "Arizona Revised Statutes § 20-159" (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 § 20-159 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.