There Is a Newer Version
of
the Arizona Revised Statutes
2011 Arizona Revised Statutes
Title 20 Insurance
20-1213 Reinstatement
Universal Citation:
AZ Rev Stat § 20-1213 (1996 through 1st Reg Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
20-1213. Reinstatement
There shall be a provision that unless the policy has been surrendered for its cash surrender value or unless the paid-up term insurance, if any, has expired, the policy will be reinstated at any time within three years from the date of premium default upon written application therefor, the production of evidence of insurability satisfactory to the insurer, the payment of all premiums in arrears, and the payment or reinstatement of any other indebtedness to the insurer upon the policy, all with interest at a rate not exceeding six per cent per annum compounded annually.
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