(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.
Section: Previous 21.12.010 21.12.020 21.12.025 21.12.030 21.12.040 21.12.050 21.12.052 21.12.055 21.12.060 21.12.070 21.12.080 21.12.090 21.12.100 21.12.110 21.12.120 NextLast modified: November 15, 2016