Arizona Revised Statutes Title 20, Secs. 20-1101 onward: The Insurance Contract

What this document is

Arizona Revised Statutes Title 20, Secs. 20-1101 onward - The Insurance Contract is a state statute published by Arizona State Legislature (azleg.gov). It is one of the Arizona documents that insurance license exam questions are written from, including arizona life & health, arizona property & casualty, arizona personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• A.R.S. Title 20 § 20-1101 (Scope of Article)

  “This article shall not apply to: 1. Reinsurance. 2. Policies or contracts not issued for delivery in this state nor delivered in this state, except as provided in section 20-1110, subsection G (approval of forms for delivery in jurisdictions where local approval not provided for) and in section...”

• A.R.S. Title 20 § 20-1122 (Assignment of Policies)

  “Any such assignment shall entitle the insurer to deal with the assignee as the owner or pledgee of the policy in accordance with the terms of the assignment until the insurer has received at its home office written notice of termination of the assignment or pledge, or written notice by or on behalf...”

• A.R.S. Title 20 § 20-1130 (Administration of Claim Against Insurer Not Deemed Waiver of Defense)

  “Without limitation of any right or defense of an insurer otherwise, none of the following acts by or on behalf of an insurer shall be deemed to constitute a waiver of any provision of a policy or of any defense of the insurer thereunder: 1. Acknowledgement of the receipt of notice of loss or claim...”

• A.R.S. Title 20 § 20-1104(C)(2) (Insurable interest in personal insurance: economic interest of unrelated persons)

  “In the case of other persons, a lawful and substantial economic interest in having the life, health or bodily safety of the individual insured continue, as distinguished from an interest which would arise only by, or would be enhanced in value by, the death, disablement or injury of the individual insured.”

• A.R.S. Title 20 § 20-1114 (Incorporation of Charter or Bylaw Into Policy)

  “No policy shall contain any provision purporting to make any portion of the charter, bylaws or other constituent document of the insurer a part of the contract unless such portion is set forth in full in the policy. Any policy provision in violation of this section shall be invalid.”

• A.R.S. Title 20 § 20-1105(C) (Measure of insurable interest in property)

  “The measure of an insurable interest in property is the extent to which the insured might be damaged by loss, injury or impairment thereof.”

• A.R.S. Title 20 § 20-1106(B) (Capacity to contract for insurance; minors)

  “A minor who is at least fifteen years of age as of the minor's nearest birthday may contract, notwithstanding the minor's minority, for life or disability insurance on the minor's own life or body, for the minor's own benefit or for the benefit of the minor's father or mother, spouse, child,...”

• A.R.S. Title 20 § 20-1102 ("Policy" Defined)

  “"Policy" means contract of or agreement for or effecting insurance, or the certificate thereof, by whatever name called, and includes all clauses, riders, endorsements and papers attached thereto and a part thereof.”

• A.R.S. Title 20 § 20-1101 (Scope of Article, Title Insurance Exclusion)

  “This article shall not apply to: 1. Reinsurance. 2. Policies or contracts not issued for delivery in this state nor delivered in this state, except as provided in section 20-1110, subsection G (approval of forms for delivery in jurisdictions where local approval not provided for) and in section...”

• A.R.S. § 20-1105(B) (Insurable interest with respect to property insurance)

  “"Insurable interest" as used in this section means any actual, lawful and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction or pecuniary damage or impairment.”

• A.R.S. § 20-1113(D) (Contents of policy)

  “The provisions of subsections A, B and C shall not apply to surety contracts, or to group insurance policies.”

• A.R.S. § 20-1120(C) (Binders)

  “C. If the policy has not been issued a binder may be extended or renewed beyond such ninety days with the written approval of the director, or in accordance with such rules and regulations relative thereto as the director may promulgate.”

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More Arizona sources

• Ariz. Rev. Stat. s. 20-443: Misrepresentations and false advertising of policiesState statute
• Ariz. Rev. Stat. s. 20-295: License denial, suspension, or revocation; civil penaltyState statute
• Ariz. Rev. Stat. ss. 20-448, 20-452: Unfair discrimination and rebatesState statute
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• A.R.S. Title 20, Chapter 2, Article 2 - Unfair Trade Practices (Secs. 20-441 through 20-462)State statute
• Arizona Revised Statutes Title 20, Chapter 1 - General Provisions (Secs. 20-101 through 20-191)State statute
• Arizona Revised Statutes Title 20, Secs. 20-1001 onward - Prepaid Dental Plan Organizations and Related EntitiesState statute
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