# Alaska Stat. § 21.12.040: Life insurance defined

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.040

## Section

- **Citation:** Alaska Stat. § 21.12.040
- **Heading:** Life insurance defined
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 21 / Chapter 21.12 / Section 21.12.040

## Text

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.

## Nearby sections

- [Alaska Stat. § 21.12.010 Limit of risk.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.010.md)
- [Alaska Stat. § 21.12.020 Reinsurance credit allowed a domestic ceding insurer.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.020.md)
- [Alaska Stat. § 21.12.025 Assumption reinsurance.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.025.md)
- [Alaska Stat. § 21.12.030 Definitions not mutually exclusive.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.030.md)
- [Alaska Stat. § 21.12.040 Life insurance defined.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.040.md)
- [Alaska Stat. § 21.12.050 Health and health care insurance defined.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.050.md)
- [Alaska Stat. § 21.12.052 Disability insurance defined.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.052.md)
- [Alaska Stat. § 21.12.055 Annuities and annuity contract defined.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.055.md)
- [Alaska Stat. § 21.12.060 Property insurance defined.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.060.md)
- [Alaska Stat. § 21.12.070 Casualty insurance defined.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.070.md)
- [Alaska Stat. § 21.12.080 Surety insurance defined.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.080.md)
- [Alaska Stat. § 21.12.090 Marine, wet marine, and transportation insurance defined.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.090.md)
- [Alaska Stat. § 21.12.110 Mortgage guaranty insurance defined.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.110.md)
- [Alaska Stat. § 21.12.130 Commercial insurance defined.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.130.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.040. Check the current official text before relying on it. Not legal advice.