20-1672. Definitions In this article, unless the context otherwise requires: 1. ' Cancellation' means termination of a policy at a date other than its expiration date. 2. ' Expiration date' means the date on which coverage under a policy ends as set forth in the policy. For a policy written for a term longer than one year or with no fixed expiration date, each annual anniversary date of the policy is the expiration date. 3. ' Nonpayment of premium' means the failure or inability of the named insured to discharge any obligation in connection with the payment of premiums on a policy of insurance subject to this article, whether the payments are payable directly to the insurer or its agent or payable through a premium finance plan or extension of credit. 4. ' Nonrenewal' means termination of a policy at its expiration date. 5. ' Renewal' or ' to renew' means the issuance of or the offer to issue by an insurer a policy succeeding a policy previously issued and delivered by the same insurer or an insurer within the same group of insurers or the issuance of a certificate or notice extending the term of an existing policy for a specified period beyond its expiration date.
Arizona Legal Code