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Code · Arizona · Title 20 — Infants and Incompetents

20-1223. Dividends on annuities

37 words·~1 min read·/az/title-20/20-1223

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If an annuity or pure endowment contract, other than a reversionary, survivorship or group annuity, is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.
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