Arizona § 20-1210 - Nonforfeiture options in old policies
Full text of Arizona Arizona Revised Statutes § 20-1210 — Nonforfeiture options in old policies, with citation guidance and answers to common questions.
§ 20-1210. Nonforfeiture options in old policies
A. There shall be a provision specifying the option to which the policyholder is entitled in the event of default in a premium payment after three full annual premiums have been paid. This provision shall not be required in term insurance of twenty years or less, for which uniform premiums are payable during the entire term of the policy, nor to any term policy of decreasing amount. A provision may also be inserted in the policy that in the event of default in a premium payment before such options become available the reserve on any dividend addition then in force may at the option of the insurer be paid in cash or applied as a net premium to the purchase of paid-up term insurance for any amount not in excess of the face of the original policy.
B. This section shall not apply to policies issued on or after the operative date of section 20-1231.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-1210
What does Arizona Revised Statutes § 20-1210 cover?
Section 20-1210 ("Nonforfeiture options in old policies") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 20-1210?
A common citation format is "Arizona Revised Statutes § 20-1210" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 20-1210 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.