20-1230. Prohibition of dual or multiple pay policies
42 words·~1 min read·
/az/title-20/20-1230A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No life insurance policy shall be issued or delivered in this state if it provides that on the death of anyone not specifically named therein, the owner or beneficiary of the policy shall receive the payment or granting of anything of value.