{"data":{"id":"us-az/a.r.s.-14-10908","jurisdiction":"us-az","citation":"A.R.S. § 14-10908","heading":"Life insurance on settlor; liability of trustee","body":"A trustee may acquire or retain a contract of life insurance on the life of the settlor or the settlor's spouse, or both, without liability for a loss arising from the trustee's failure to:\n\n1. Determine whether the contract is or remains a proper investment.\n\n2. Investigate the financial strength of the life insurance company.\n\n3. Exercise nonforfeiture provisions available under the contract.\n\n4. Diversify the contract.","path":["Title 14 Trusts, Estates and Protective Proceedings"],"source_url":"https://www.azleg.gov/ars/14/10908.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-10-26T05:51:13Z","sha256":"11a19c8686299f15d36bca73c94bb491c48f243142b7b68cd68e0c6314f555bb","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-14-10907","next":"us-az/a.r.s.-14-10909"},"notice":"GroundRules: Original legal text. Not legal advice."}