Arizona Code § 28-4074

Payments; satisfaction of judgments
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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.

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