Ariz. Rev. Stat. § 28-4074

Current through L. 2024, ch. 259
Section 28-4074 - Payments; satisfaction of judgments
A. For the purpose of this chapter only, a judgment referred to in this article is deemed satisfied on compliance with one of the following:
1. When payment sufficient to satisfy the limits prescribed in section 28-4009 is made.
2. If higher limits are required pursuant to section 28-4033, when payment sufficient to satisfy those limits is made.
B. Payments made in settlements of claims because of bodily injury, death or property damage arising from a motor vehicle accident shall be credited in reduction of the amounts provided for in this section.

A.R.S. § 28-4074