Arizona Laws 20-490. Definitions
In this article, unless the context otherwise requires:
Terms Used In Arizona Laws 20-490
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Insurance policy: includes a life insurance policy, an annuity, a property insurance policy, a casualty insurance policy, a liability insurance policy and reinsurance on a risk covered under such a policy. See Arizona Laws 20-490
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
- Property: includes both real and personal property. See Arizona Laws 1-215
1. "Holocaust victim" means a person who was killed or injured or who lost real or personal property or financial assets as the result of discriminatory laws, policies or actions directed against a discrete group of which the person was a member, during the period beginning in 1920 through 1945, in Germany, areas occupied by Germany or countries allied with Germany.
2. "Insurance policy" includes a life insurance policy, an annuity, a property insurance policy, a casualty insurance policy, a liability insurance policy and reinsurance on a risk covered under such a policy.
3. "Insurer":
(a) Means an insurance company or other entity engaged in the business of insurance or reinsurance in this state.
(b) Includes a capital stock company, a mutual company or a Lloyd’s association and any parent, subsidiary or affiliated company in which at least fifty per cent of the stock is in common ownership with an insurer engaged in the business of insurance in this state.