State RegulationsAZ specificDifficulty 1/5
Under A.R.S. 20-1233, the Arizona annuity free-look period begins to run when:
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under A.R.S. 20-1233, the annuity return window runs from delivery of the contract — 10 days after delivery generally, or 30 days after delivery for contract holders age 65 or older at application. Delivery, not the application date or the premium payment, starts the clock, so a delayed delivery delays the start of the free-look period and the insurer must honor the full window from that point.
Why the other options are wrong
- A) Signing the application fixes the age trigger for the extended window but does not start the return clock, which runs from delivery.
- B) Premium payment is not the trigger; A.R.S. 20-1233 measures the free-look period from delivery of the contract.
- C) Solicitation precedes the contract entirely and has no role in starting the statutory return window.
Memory hook
No delivery, no clock — the annuity free look starts at delivery.