Section 21.12.040. Life insurance defined.

Latest version.

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.

Authorities

21.12.055;21.14.200;21.34.900

Notes

References

3 AAC 26.449
AS 21.12.055 Annuities and annuity contract defined.
AS 21.14.200 Definitions.
AS 21.34.900 Definitions.

History

(Sec. 1 ch 120 SLA 1966)

                    
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