Ariz. Rev. Stat. » Title 20
Arizona Revised Statutes

Ariz. Rev. Stat. § 20-254 (2026)

"Life insurance" defined

✓ current as of May 2026
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"Life insurance" is insurance on human lives and insurance appertaining thereto or connected therewith. The transacting of life insurance includes the granting of endowment benefits, additional benefits in the event of death or dismemberment by accident or accidental means, additional benefits in the event of the disability of the insured and optional modes of settlement of proceeds of life insurance. An insurer authorized to transact life insurance may also grant annuities.

Notes of Decisions
Cited in 3 cases, 1993–2011 · leading case: Arizona Life & Disability Ins. Guar. Fund v. Honeywell, Inc., 945 P.2d 805 (Ariz. 1997).
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Arizona Life & Disability Ins. Guar. Fund v. Honeywell, Inc., 945 P.2d 805 (Ariz. 1997). · cites it 2× “01: "Annuities" encompass all agreements to make periodic payments, other than contracts defined by § 20-254 as "life insurance", where the making or continuance of all or of some of a series of such payments, or the amount of any such payment, is dependent upon the continuance…”
In Re Thiem, 443 B.R. 832 (Bankr. D. Ariz. 2011). “” ARS § 20-254, and generally described as “insurance on the life of’ someone.”
Variable Annuity Life Ins. v. Clarke, 998 F.2d 1295 (5th Cir. 1993). “§ 431:1-204 (1985); Idaho Code §§ 41-103 , 41-312 (1977); Ill.Ins.Code ch. 73, art.”
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