Arizona § 20-431.01 Applicability

Arizona Statutes

§ 20-431.01 — Applicability

Arizona § 20-431.01

Title 20Arizona Revised Statutes

Ch. 2TRANSACTION OF INSURANCE BUSINESS

Art. 5.Life Insurance Illustrations

This text of Arizona § 20-431.01 (Applicability) 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. § 20-431.01 (2026).

Text

A.This article applies to all group and individual life insurance policies and certificates except:

1.Variable life insurance.

2.Individual and group annuity contracts.

3.Credit life insurance.

4.Life insurance policies with no illustrated death benefits on any individual exceeding $10,000.

B.If an insurer markets a policy form with an illustration that is subject to the requirements of this article, the insurer is not required to provide a policy summary to the applicant or the policyowner as otherwise required pursuant to administrative rule.

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A. This article applies to all group and individual life insurance policies and certificates except:

1. Variable life insurance.

2. Individual and group annuity contracts.

3. Credit life insurance.

4. Life insurance policies with no illustrated death benefits on any individual exceeding $10,000.

B. If an insurer markets a policy form with an illustration that is subject to the requirements of this article, the insurer is not required to provide a policy summary to the applicant or the policyowner as otherwise required pursuant to administrative rule.