Arizona Statutes
§ 20-1223 — Dividends on annuities
Arizona·Title 20 Arizona Revised Statutes·Ch. 6 PARTICULAR TYPES OF INSURANCE·Art. 1 Life Insurance and Annuities
If an annuity or pure endowment contract, other than a reversionary, survivorship or group annuity, is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.
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Nearby Sections
15
§ 20-1001
Definitions§ 20-1004
Issuance of certificate of authority§ 20-1005
Deposit requirement; exception§ 20-1006
Reserve requirement; exception§ 20-1009
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Deputy director§ 20-1010
Taxes§ 20-1011
Operational expenses§ 20-1012
Prohibited practices