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Arizona Revised Statutes Title 20. Insurance § 20-2661. Scope of article; definitions

Current as of January 01, 2025 | Updated by Findlaw Staff

A. This article applies to all agents as defined in § 20-2601 seeking qualification to sell or offer for sale variable contracts or variable group contracts in this state.

B. In this article, unless the context otherwise requires:

1. “Variable contracts” means a variable life insurance policy or a variable annuity as defined in §§ 20-2601 and 20-2631, respectively.

2. “Variable group annuity” means a group policy or contract of two or more individuals that provides for annuity benefits that vary according to the investment experience of a separate account or accounts that the insurer maintains pursuant to § 20-651 or the corresponding insurance laws of a foreign insurer's domiciliary state.

3. “Variable group contracts” means a variable group annuity or a variable group life insurance policy.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 20. Insurance § 20-2661. Scope of article; definitions - last updated January 01, 2025 | https://codes.findlaw.com/az/title-20-insurance/az-rev-st-sect-20-2661/

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