Arizona § 20-1218 Standard provisions required in annuity and pure endowment contracts

Arizona Statutes

§ 20-1218 — Standard provisions required in annuity and pure endowment contracts

Arizona § 20-1218

Title 20Arizona Revised Statutes

Ch. 6PARTICULAR TYPES OF INSURANCE

Art. 1Life Insurance and Annuities

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Bluebook

Ariz. Rev. Stat. Ann. § 20-1218 (2026).

Text

A.No annuity or pure endowment contract, other than reversionary annuities, survivorship annuities or group annuities, and except as stated in this section, shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions specified in sections 20-1219 to 20-1224, inclusive. Any such provisions not applicable to single premium annuities or single premium pure endowment contracts shall not, to that extent, be incorporated therein.

B.This section shall not apply to contracts for deferred annuities included in, or upon the lives of beneficiaries under, life insurance policies.

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A. No annuity or pure endowment contract, other than reversionary annuities, survivorship annuities or group annuities, and except as stated in this section, shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions specified in sections 20-1219 to 20-1224, inclusive. Any such provisions not applicable to single premium annuities or single premium pure endowment contracts shall not, to that extent, be incorporated therein.

B. This section shall not apply to contracts for deferred annuities included in, or upon the lives of beneficiaries under, life insurance policies.