Arizona Revised Statutes § 20-1223 Dividends On Annuities

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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Last modified: October 13, 2016