State RegulationsAZ specificDifficulty 1/5
A policyowner with an accident and health policy wants to replace the named beneficiary. Under A.R.S. 20-1356, when is the beneficiary's consent NOT required?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
A.R.S. 20-1356 lets the insured change the beneficiary without the beneficiary's consent unless the assignment of the policy or its terms expressly provide otherwise. The beneficiary holds no vested right in a revocable designation; an irrevocable designation or assignment is the exception that locks the change out.
Why the other options are wrong
- A) The insurer's consent is not the statutory condition; A.R.S. 20-1356 turns on whether the assignment or policy terms limit the change right.
- B) Naming a beneficiary in the application does not freeze the designation; the insured retains the change right unless the policy provides otherwise.
- D) No 2-year limit applies; A.R.S. 20-1356 allows the change at any time subject only to the assignment or policy terms.
Memory hook
Revocable by default — the insured changes freely unless the policy says otherwise.