# Alaska Stat. § 21.12.055: Annuities and annuity contract defined

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.055

## Section

- **Citation:** Alaska Stat. § 21.12.055
- **Heading:** Annuities and annuity contract 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 21.12.055

## Text

(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.

## 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)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.12_S21.12.055. Check the current official text before relying on it. Not legal advice.