"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.
A.R.S. § 20-254
"Life insurance" defined
Applied in 2 court decisions — leading case Variable Annuity Life Insurance v. Clarke (1993)
Most recently applied in Variable Annuity Life Insurance v. Clarke (August 1993)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.