Kinds of Insurance, Limits of Risk, and Reinsurance Section 40. Life Insurance Defined. Definitions Not Mutually Exclusive. Health and Health Care Insurance Defined. Life Insurance Defined.
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. Go's Website to see how. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors.