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.
Arizona Legal Code