2013 Alaska Statutes
Title 21 - INSURANCE
Chapter 21.12 - KINDS OF INSURANCE, LIMITS OF RISK, AND REINSURANCE
Sec. 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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