20-254.01. "Annuities" defined
73 words·~1 min read·
/az/title-20/20-254-01A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
"Annuities" encompass all agreements to make periodic payments, other than contracts defined by section 20-254 as "life insurance", where the making or continuance of all or of some of a series of such payments, or the amount of any such payment, is dependent upon the continuance of human life. Except as exemption or other provision is made, all provisions in this title applicable to life insurance shall be deemed applicable also to annuities.