If a person has met the applicable requirements of Alaska Stat. § 21.27.020 and 21.27.270, the director shall issue a license for one or more of the following lines of authority:

(1) life insurance coverage on natural persons; in this paragraph, “life insurance coverage”

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Terms Used In Alaska Statutes 21.27.115

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • property: includes real and personal property. See Alaska Statutes 01.10.060
(A) includes benefits of endowment and annuities; and
(B) may include benefits in the event of death or dismemberment by accident and benefits for disability income;
(2) health insurance coverage for sickness, bodily injury, or accidental death; in this paragraph, “health insurance coverage” may include benefits for disability income;
(3) property insurance coverage for the direct or consequential loss for damage to property of every kind;
(4) casualty insurance coverage against legal liability, including that for death, injury, or disability or damage to real or personal property; in this paragraph, “casualty insurance” includes surety insurance as defined in Alaska Stat. § 21.12.080;
(5) variable life and variable annuity products insurance coverage;
(6) personal lines property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes;
(7) limited lines credit insurance;
(8)[Repealed, Sec. 66 ch 41 SLA 2016.]
(9)[Repealed, Sec. 66 ch 41 SLA 2016.]
(10) any insurance for which a limited lines license may be issued under Alaska Stat. § 21.27.150.
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