Arizona Revised Statutes Title 20. Insurance § 20-1251.01. Credit union groups

1. The members eligible for insurance under the policy shall be all the members of the credit union who meet standard physical requirement conditions of the insurer, or all of any class or classes of them determined by conditions pertaining to their age or to membership in the credit union or both.

2. The premiums for the policy shall be paid by the policyholder, either from the credit union's funds, or from funds contributed by the insured members specifically for their insurance, or from both. A policy on which no part of the premium is to be derived from funds contributed by the insured members specifically for their insurance must insure all eligible members or all except those whose evidence of individual insurability is not satisfactory to the insurer.

3. The policy must cover at least twenty-five members at the date of issue.