2005 Arizona Revised Statutes - Revised Statutes §23-1006  Issuance of liability insurance by state compensation fund

A. The state compensation fund may in its name make contracts of insurance to include and cover the entire underlying liability of employers insured in the state compensation fund so that such employers may be fully protected, not only for all workers' compensation and occupational disease claims, but for all liability claims whatsoever by employees or their dependents or heirs, including the cost of defending an action.

B. The state compensation fund shall be authorized to make contracts of insurance authorized under subsection A in the same manner and to the same extent as a mutual casualty insurer governed under title 20.