No insurance contract insuring against loss or damage through legal liability for the bodily injury or death by accident of any individual, or for damage to the property of any person, shall be retroactively annulled by any agreement between the insurer and the insured after the occurrence of any injury, death or damage for which the insured may be liable, and any attempted annulment shall be void.
A.R.S. § 20-1123
Annulment of liability policies
Applied in 1 court decision — leading case State Compensation Fund v. Mar Pac Helicopter Corp. (1987)
Most recently applied in State Compensation Fund v. Mar Pac Helicopter Corp. (September 1987)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.