Arizona Statutes
§ 20-208 — Definition of guaranteed investment contract
Arizona·Title 20 Arizona Revised Statutes·Ch. 2 TRANSACTION OF INSURANCE BUSINESS·Art. 1 Authorization of Insurers and General Requirements
In this title, unless the context otherwise requires, "guaranteed investment contract" means any unallocated group contract, investment contract, funding agreement, guaranteed interest contract or other similar instrument by whatever name in which an insurance company agrees to guarantee a fixed or variable rate of interest or a future payment that is based on an index or any other similar criteria, that is payable at a predetermined date on monies that are deposited with the insurance company and that is not dependent on the continuance of human life.
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Related
Arizona Life & Disability Insurance Guaranty Fund v. Honeywell, Inc.
927 P.2d 806 (Court of Appeals of Arizona, 1996)
Snell v. Martin
(Court of Appeals of Arizona, 2018)
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
Annual report to director§ 20-101.01
Deputy director§ 20-1010
Taxes§ 20-1011
Operational expenses§ 20-1012
Prohibited practices