In
3
AAC 26.430 -
3
AAC 26.449, unless the context requires
otherwise,
(1) "active duty" means
full-time duty in the active military service of the United States and includes
members of the reserve component while serving under published orders for
active duty or full-time training; "active duty" does not include members of
the reserve component who are performing active duty or active duty for
training under military calls or orders specifying periods of fewer than 31
calendar days;
(2) "United States
Department of Defense personnel" means all active duty service members and all
civilian employees, including non-appropriated fund employees and special
government employees, of the United States Department of Defense;
(3) "door-to-door" means a solicitation or
sales method in which an insurer or insurance producer proceeds randomly or
selectively from household to household without a prior specific
appointment;
(4) "general
advertisement" means an advertisement having as its sole purpose the promotion
of the reader's or viewer's interest in the concept of insurance, or the
promotion of the insurer or insurance producer;
(5) "
known" or "knowingly" means that the
insurer or insurance producer had actual awareness, or in the exercise of
ordinary care should have been aware at the time of the act or practice that
the person solicited was
(A) a service
member; or
(B) a service member in
a pay grade of E-4 or below;
(6) "life insurance" has the meaning given in
AS
21.12.040 and, unless specifically excluded,
includes an annuity as defined in
AS
21.12.055 that is individually
issued;
(7) "military installation"
means a federally owned, leased, or operated base, reservation, post, camp,
building, or other facility to which service members are assigned for duty;
"military installation" includes barracks, transient housing, and family
quarters;
(8) "MyPay" means the
Defense Finance and Accounting Service Internet-based system that enables
service members to process certain discretionary pay transactions or provide
updates to personal information data elements without using paper
forms;
(9) "
service member" means
(A) an active duty commissioned or warrant
officer of the United States armed forces; or
(B) an active duty enlisted member of the
United States armed forces;
(10) "
service member in a pay grade of E-4 or
below" means
(A) for the Air Force, a rank of
senior airman or lower enlisted rank;
(B) for the Army, a rank of corporal or
specialist or lower enlisted rank;
(C) for the Marines, a rank of corporal or
lower enlisted rank; and
(D) for
the Navy and Coast Guard, a rank of petty officer third class or lower enlisted
rank;
(11)
"Servicemembers' Group
Life Insurance" means the group
life insurance
authorized under 38 U.S.C.
1965 -
1980 A for service
members;
(12) "
side fund" means a
fund or reserve that is part of or otherwise attached to a
life insurance
policy by a rider, endorsement, or other mechanism that accumulates premium or
deposits with interest or by other means; "side fund" does not include
(A) a fund or reserve within the meaning
given in this paragraph but part of or otherwise attached to an individually
issued annuity;
(B) accumulated
value, cash value, or secondary guarantees provided by a universal life
policy;
(C) cash values provided by
a whole life policy that are subject to
AS
21.45.300 (standard nonforfeiture law for
life insurance); or
(D) a premium
deposit fund that
(i) contains only premiums
paid in advance that accumulate at interest;
(ii) does not impose a penalty for
withdrawal;
(iii) does not permit
funding beyond future required premiums;
(iv) is not marketed or intended as an
investment; and
(v) does not carry
a paid or calculated commission;
(13) "specific appointment" means a
prearranged appointment agreed upon by both parties and definite as to place
and time;
(14) "United States armed
forces" means all components of the United States Army, Navy, Air Force, Marine
Corps, and Coast Guard;
(15)
"Veterans' Group
Life Insurance" means the group
life insurance authorized
under 38 U.S.C.
1965 -
1980 A for veterans.
