The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
The lives of a group of individuals may be insured under a policy issued to an association, or to a trust or to the trustee of a fund established, created or maintained for the benefit of one or more associations. The association, trust or trustee shall be deemed the policyholder, to insure members of the association or associations, employees of the association or associations and employees of members of the association or associations for the benefit of persons other than the association or associations or any of its officials, representatives or agents, subject to the following requirements:
1. The association or associations must have a constitution and bylaws and must be organized and maintained in good faith for a purpose other than obtaining insurance.
2. The policy must cover at least two persons at the date of issue.
3. The policy may provide that the term "employees" shall include retired employees.