Arizona Revised Statutes Title 20. Insurance § 20-1106. Capacity to contract for insurance;  minors

A. Any person of competent legal capacity may contract for insurance.

B. A minor who is at least fifteen years of age as of the minor's nearest birthday may contract, notwithstanding the minor's minority, for life or disability insurance on the minor's own life or body, for the minor's own benefit or for the benefit of the minor's father or mother, spouse, child, brother, sister or grandparents.

C. A minor who is at least sixteen years of age as of the minor's nearest birthday, who is a foster child as defined in § 8-501 or a youth participating in the independent living program pursuant to § 8-521 and who has completed a driver education program may contract, notwithstanding the minor's minority, for motor vehicle liability insurance that satisfies the requirements of § 28-4009 and that covers the minor.

D.  A minor described in subsection B or C of this section, notwithstanding the minor's minority, shall be deemed competent to exercise all rights and powers with respect to or under any contract of life or disability insurance on the minor's own life or body or contract of motor vehicle liability insurance pursuant to this section, as though of full legal age, and may surrender the minor's interest in the contract and give a valid discharge for any benefit accruing or money payable under the contract.  The minor, by reason of his minority, may not rescind, avoid or repudiate the contract, nor rescind, avoid or repudiate any exercise of a right or privilege under the contract, except that the minor, not otherwise emancipated, may not be bound by any unperformed agreement to pay, by promissory note or otherwise, any premium on such an insurance contract.