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2020 Alaska Statutes
Title 21. Insurance
Chapter 12. Kinds of Insurance, Limits of Risk, and Reinsurance
Sec. 21.12.040. Life insurance defined.
Universal Citation: AK Stat § 21.12.040 (2020)
Life insurance is insurance on human lives. The transaction of life insurance includes also the granting of endowment benefits, additional benefits for death or dismemberment by accident or accidental means, additional benefits for the insured's disability, and optional modes of settlement of proceeds of life insurance. Transaction of life insurance does not include workers' compensation insurance.
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