Arizona § 20-1124 Discharge of insurer by payment under policy

Arizona Statutes

§ 20-1124 — Discharge of insurer by payment under policy

Arizona § 20-1124

Title 20Arizona Revised Statutes

Ch. 5THE INSURANCE CONTRACT

Art. 1In General

This text of Arizona § 20-1124 (Discharge of insurer by payment under policy) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 20-1124 (2026).

Text

When the proceeds of or payments under a life or disability insurance policy or annuity contract become payable in accordance with the terms of the policy or contract, or the exercise of any right or privilege thereunder, and the insurer makes payment thereof in accordance with the terms of the policy or contract or in accordance with any written assignment thereof, the person then designated in the policy or contract or by the assignment as being entitled thereto shall be entitled to receive the proceeds or payments and to give full acquittance therefor, and the payments shall fully discharge the insurer from all claims under the policy or contract unless, before payment is made, the insurer has received at its home office written notice by or on behalf of some other person that such othe

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When the proceeds of or payments under a life or disability insurance policy or annuity contract become payable in accordance with the terms of the policy or contract, or the exercise of any right or privilege thereunder, and the insurer makes payment thereof in accordance with the terms of the policy or contract or in accordance with any written assignment thereof, the person then designated in the policy or contract or by the assignment as being entitled thereto shall be entitled to receive the proceeds or payments and to give full acquittance therefor, and the payments shall fully discharge the insurer from all claims under the policy or contract unless, before payment is made, the insurer has received at its home office written notice by or on behalf of some other person that such other person claims to be entitled to such payment or some interest in the policy or contract.