Arizona Revised Statutes

Ariz. Rev. Stat. § 20-208 (2026)

Definition of guaranteed investment contract

✓ current as of May 2026

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In this title, unless the context otherwise requires, "guaranteed investment contract" means any unallocated group contract, investment contract, funding agreement, guaranteed interest contract or other similar instrument by whatever name in which an insurance company agrees to guarantee a fixed or variable rate of interest or a future payment that is based on an index or any other similar criteria, that is payable at a predetermined date on monies that are deposited with the insurance company and that is not dependent on the continuance of human life.

Notes of Decisions

Cited in 2 cases, 1996–2018 · leading case: Arizona Life & Disability Ins. Guar. Fund v. Honeywell, Inc., 927 P.2d 806 (Ariz. Ct. App. 1996).

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Arizona Life & Disability Ins. Guar. Fund v. Honeywell, Inc., 927 P.2d 806 (Ariz. Ct. App. 1996). · cites it 2× “A.R.S. § 20-208 (Supp.1995). The term has also been defined as "a life insurance company contract under which (1) the contract holder places funds on deposit with the insurer; and (2) the insurer promises to repay the contract holder’s deposit according to a schedule specified…”

Snell v. Martin (Ariz. Ct. App. 2018). · cites it 2× “, A.R.S. § 20-208 (defining "guaranteed investment contracts" in the insurance industry); A.”

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