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Code · Arizona · Title 20 — Infants and Incompetents

20-254. "Life insurance" defined

71 words·~1 min read·/az/title-20/20-254

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

"Life insurance" is insurance on human lives and insurance appertaining thereto or connected therewith. The transacting of life insurance includes the granting of endowment benefits, additional benefits in the event of death or dismemberment by accident or accidental means, additional benefits in the event of the disability of the insured and optional modes of settlement of proceeds of life insurance. An insurer authorized to transact life insurance may also grant annuities.
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