§ 20-1201 Scope of article
§ 20-1202 Standard provisions required in life insurance policies
§ 20-1203 Grace period
§ 20-1204 Incontestability
§ 20-1205 Application and policy as entire contract; statements in application as representations; information
§ 20-1206 Misstatement of age
§ 20-1207 Dividends
§ 20-1208 Policy loan on old policies
§ 20-1209 Policy loan on new policies
§ 20-1209.01 Maximum rate of interest on policy loans; definitions
§ 20-1210 Nonforfeiture options in old policies
§ 20-1212 Table of installments
§ 20-1213 Reinstatement
§ 20-1214 Payment of premiums
§ 20-1215 Payment of claims
§ 20-1216 Policy title
§ 20-1217 Excluded or restricted coverage
§ 20-1218 Standard provisions required in annuity and pure endowment contracts
§ 20-1219 Grace period in annuities
§ 20-1220 Incontestability in annuities
§ 20-1221 Application and contract as entire contract in annuities
§ 20-1222 Misstatement of age in annuities
§ 20-1223 Dividends on annuities
§ 20-1224 Reinstatement of annuities
§ 20-1225 Standard provisions required in reversionary annuities
§ 20-1226 Limitation of liability
§ 20-1227 Incontestability after reinstatement
§ 20-1228 Policy settlements
§ 20-1229 Authorized deductions from insurance proceeds
§ 20-1230 Prohibition of dual or multiple pay policies
§ 20-1231 Standard nonforfeiture law for life insurance
§ 20-1231.01 Standard nonforfeiture law for life insurance; table for calculating adjusted premiums; definitions
§ 20-1232 Standard nonforfeiture law for individual deferred annuities
§ 20-1233 Free look; annuity contracts

Terms Used In Arizona Laws > Title 20 > Chapter 6 > Article 1

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • 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.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fraud: Intentional deception resulting in injury to another.
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Month: means a calendar month unless otherwise expressed. See Arizona Laws 1-215
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
  • Writing: includes printing. See Arizona Laws 1-215