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- Alaska Statutes.
- Title 21. Insurance
- Chapter 12. Kinds of Insurance, Limits of Risk, and Reinsurance
- Section 55. Annuities and Annuity Contract Defined.
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. Disability Insurance Defined.
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. Property Insurance Defined.
AS 21.12.055. Annuities and Annuity Contract Defined.
- (a) Annuities means all agreements to make periodical payments if the making or continuance of all or some of a series of
payments or the amount of a payment is dependent upon the continuance of human life, except payments made under AS 21.12.040
. The business of annuities is considered to include additional benefits operating to safeguard the contract from
lapse, or to provide a special surrender value, or special benefit, or annuity, in the event of the total and permanent
disability of the holder.
- (b) Annuity contract means a contract providing for an annuity as defined in (a) of this section.
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