There is a newer version of the Arizona Revised Statutes
2005 Arizona Revised Statutes - Revised Statutes §20-1223 Dividends on annuities
If an annuity or pure endowment contract, other than a reversionary, survivorship or group annuity, is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.
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