(a) An annuity or pure endowment contract, other than a reversionary annuity, survivorship annuity, or group annuity, may not be delivered or issued for delivery in this state unless it contains in substance each of the provisions specified in AS 21.45.180 - 21.45.230, except that if a provision is not applicable to single premium annuities or single premium pure endowment contracts it may not be incorporated into the contract.
(b) This section does not apply to contracts for deferred annuities included in or upon the lives of beneficiaries under, life insurance policies.
Structure Alaska Statutes
Chapter 45. Life Insurance and Annuities
Sec. 21.45.010. Applicability.
Sec. 21.45.020. Standards provisions required; return and refund.
Sec. 21.45.040. Incontestability.
Sec. 21.45.050. Entire contract.
Sec. 21.45.060. Misstatement of age.
Sec. 21.45.090. Table of values.
Sec. 21.45.100. Table of installments.
Sec. 21.45.110. Reinstatement.
Sec. 21.45.120. Payment of premiums.
Sec. 21.45.130. Payment of claims.
Sec. 21.45.140. Beneficiary, industrial policies.
Sec. 21.45.160. Excluded or restricted coverage.
Sec. 21.45.170. Standard provisions: annuity and pure endowment contracts.
Sec. 21.45.180. Grace period: annuities.
Sec. 21.45.190. Incontestability: annuities.
Sec. 21.45.200. Entire contract.
Sec. 21.45.210. Misstatement of age or sex: annuities.
Sec. 21.45.220. Dividends: annuities.
Sec. 21.45.230. Reinstatement: annuities.
Sec. 21.45.240. Standard provisions: reversionary annuities.
Sec. 21.45.250. Limitation of liability.
Sec. 21.45.260. Prohibited provisions: industrial life insurance.
Sec. 21.45.270. Incontestability, limitation of liability after reinstatement.
Sec. 21.45.280. Policy settlements.
Sec. 21.45.290. Indebtedness deducted from proceeds.
Sec. 21.45.300. Standard nonforfeiture law for life insurance.
Sec. 21.45.305. Standard nonforfeiture law for individual deferred annuities.