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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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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