Nothing in this chapter applies to or affects
Terms Used In Alaska Statutes 21.51.010 - Applicability
- annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- contract: A legal written agreement that becomes binding when signed.
(1) a policy of liability or workers’ compensation insurance with or without supplementary expense coverage;
(2) a group or blanket policy;
(3) life insurance, endowment or annuity contracts, or supplemental contracts that contain only those provisions relating to health insurance that
(A) provide additional benefits in case of death or dismemberment or loss of sight by accident or accidental means; or
(B) operate to safeguard the contracts against lapse, or to give a special surrender value or special benefit or an annuity in the event that the insured or annuitant becomes totally and permanently disabled, as defined by the contract or supplemental contract;