20-2631. Definitions
73 words·~1 min read·
/az/title-20/20-2631A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this article, unless the context otherwise requires:
1. "Company" means an insurer licensed pursuant to this title to transact life insurance or annuities in this state.
2. "Variable annuity" means an individual policy or contract that provides for annuity benefits that vary according to the investment experience of a separate account or accounts that the insurer maintains pursuant to section 20-651 or the corresponding insurance laws of a foreign insurer's domiciliary state.