Code · Arizona · Title 20 — Infants and Incompetents

20-431.01. Applicability

86 words·~1 min read·/az/title-20/20-431-01

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

A. This article applies to all group and individual life insurance policies and certificates except:

1. Variable life insurance.

2. Individual and group annuity contracts.

3. Credit life insurance.

4. Life insurance policies with no illustrated death benefits on any individual exceeding $10,000.

B. If an insurer markets a policy form with an illustration that is subject to the requirements of this article, the insurer is not required to provide a policy summary to the applicant or the policyowner as otherwise required pursuant to administrative rule.