§ 21.42.010 Applicability
§ 21.42.020 Insurable interest: life, annuity, or health
§ 21.42.030 Insurable interest: property
§ 21.42.040 Interest of named insured
§ 21.42.050 Change of interest on death
§ 21.42.060 Transfer of interest between joint insureds
§ 21.42.070 Insurance without interest, or of wager, is void
§ 21.42.075 Reimbursement of losses
§ 21.42.080 Capacity to contract
§ 21.42.090 Application required, life and health insurance
§ 21.42.100 Alteration of application
§ 21.42.110 Representations in applications
§ 21.42.120 Filing, approval of forms
§ 21.42.123 Form filing subject to prior approval
§ 21.42.125 Form filing subject to file and use; penalties
§ 21.42.130 Grounds for disapproval
§ 21.42.140 Standard provisions
§ 21.42.145 Stop-loss insurance provisions
§ 21.42.150 Policy must contain entire contract
§ 21.42.160 Contents of policies in general
§ 21.42.170 Additional policy contents
§ 21.42.175 Non-English translations
§ 21.42.180 Charter, bylaw provisions
§ 21.42.190 Execution of policies
§ 21.42.200 Underwriters’ and combination policies
§ 21.42.205 Coordination of benefits
§ 21.42.210 Interest in reinsurance
§ 21.42.220 Validity of noncomplying forms
§ 21.42.230 Construction of policies
§ 21.42.240 Binders
§ 21.42.250 Delivery of policy
§ 21.42.260 Renewal by certificate
§ 21.42.265 Effective date of coverage
§ 21.42.270 Assignment of policies
§ 21.42.280 Payment discharges insurer
§ 21.42.290 Minor may give acquittance
§ 21.42.300 Forms for proof of loss to be furnished
§ 21.42.310 Claims administration not waiver
§ 21.42.315 Separate accounts

Terms Used In Alaska Statutes > Title 21 > Chapter 42 > Article 1 - The Insurance Contract

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • 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.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Dependent: A person dependent for support upon another.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
  • Trustee: A person or institution holding and administering property in trust.
  • writing: includes printing. See Alaska Statutes 01.10.060