20-2631. Definitions In this article, unless the context otherwise requires: 1. ' Company' means an insurer licensed pursuant to this title to transact life insurance or annuities in this state. 2. ' Variable annuity' means an individual policy or contract that provides for annuity benefits that vary according to the investment experience of a separate account or accounts that the insurer maintains pursuant to section 20-651 or the corresponding insurance laws of a foreign insurer's domiciliary state.
Arizona Legal Code