Arizona § 20-588 - Release of deposits
Full text of Arizona Arizona Revised Statutes § 20-588 — Release of deposits, with citation guidance and answers to common questions.
§ 20-588. Release of deposits
A. Any deposit made in this state under this title shall be released and returned:
1. To the insurer upon extinguishment by reinsurance or otherwise of substantially all liability of the insurer for the security of which the deposit is held.
2. To the insurer to the extent such deposit is in excess of the amount required.
3. Upon proper order of a court of competent jurisdiction to the receiver, conservator, rehabilitator or liquidator of the insurer, or to any other properly designated official or officials who succeed to the management and control of the insurer's assets.
B. No release of deposited funds shall be made except upon application to and the written order of the director. The director shall have no personal liability for any such release of any such deposit or part thereof so made by him in good faith.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-588
What does Arizona Revised Statutes § 20-588 cover?
Section 20-588 ("Release 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 § 20-588?
A common citation format is "Arizona Revised Statutes § 20-588" (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 § 20-588 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.