State Codes and Statutes

Statutes > Arizona > Title20 > 20-1230

20-1230. Prohibition of dual or multiple pay policies

No life insurance policy shall be issued or delivered in this state if it provides that on the death of anyone not specifically named therein, the owner or beneficiary of the policy shall receive the payment or granting of anything of value.

State Codes and Statutes

Statutes > Arizona > Title20 > 20-1230

20-1230. Prohibition of dual or multiple pay policies

No life insurance policy shall be issued or delivered in this state if it provides that on the death of anyone not specifically named therein, the owner or beneficiary of the policy shall receive the payment or granting of anything of value.


State Codes and Statutes

State Codes and Statutes

Statutes > Arizona > Title20 > 20-1230

20-1230. Prohibition of dual or multiple pay policies

No life insurance policy shall be issued or delivered in this state if it provides that on the death of anyone not specifically named therein, the owner or beneficiary of the policy shall receive the payment or granting of anything of value.