2012 Arizona Revised Statutes
Title 20 Insurance
20-459 Deferred dividends; life


AZ Rev Stat § 20-459 (through 2nd Reg Sess. 50th Leg. 2012) What's This?

20-459. Deferred dividends; life

On and after January 1, 1961, no person shall make or issue or offer to make or issue any contract of life insurance or of life annuity which provides that any premiums, dividends, excess interest, mortality savings, gains from lapses, loadings, or earnings and accumulations therefrom, be payable only to those of a group of policyholders who make premium payments to the end of any period of time in excess of one year.

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