Arizona Revised Statutes

Ariz. Rev. Stat. § 20-1215 (2026)

Payment of claims

✓ current as of May 2026

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There shall be a provision that when a policy becomes a claim by the death of the insured settlement shall be made upon receipt of due proof of death and, at the insurer's option, surrender of the policy, proof of the interest of the claimant, or both. If an insurer specifies a particular period prior to the expiration of which settlement shall be made, the period shall not exceed two months from the receipt of such proofs.

Notes of Decisions

Cited in 1 case, 1991–1991 · leading case: Greves v. Ohio State Life Ins., 821 P.2d 757 (Ariz. Ct. App. 1991).

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Greves v. Ohio State Life Ins., 821 P.2d 757 (Ariz. Ct. App. 1991). · cites it 7× “*72 Timeliness of Claim Denial Under A.R.S. § 20-1215 Mrs. Greves argues that the Company should be liable to pay the full face value of the life insurance policy to her as a penalty for violating A.”

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