Arizona § 20-879 - Nonforfeiture benefits, cash surrender value, certificate loans and other options
Full text of Arizona Arizona Revised Statutes § 20-879 — Nonforfeiture benefits, cash surrender value, certificate loans and other options, with citation guidance and answers to common questions.
§ 20-879. Nonforfeiture benefits, cash surrender value, certificate loans and other options
A. For certificates that are issued before January 1, 1996, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan or other option granted shall comply with the applicable provisions of law that were in effect before January 1, 1995.
B. For certificates that are issued on or after January 1, 1996 and for which reserves are computed pursuant to the commissioner's 1941 standard ordinary mortality table, the commissioner's 1941 standard industrial table, the commissioner's 1958 standard ordinary mortality table, the commissioner's 1980 standard mortality table or any other more recent table that is applicable to life insurers, every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan or other option granted shall not be less than the corresponding amount that is ascertained and based on those tables for life insurance policies containing like benefits.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-879
What does Arizona Revised Statutes § 20-879 cover?
Section 20-879 ("Nonforfeiture benefits, cash surrender value, certificate loans and other options") 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 § 20-879?
A common citation format is "Arizona Revised Statutes § 20-879" (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 § 20-879 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.