Alaska § 13.38.660 - Insurance policies and similar contracts.
Full text of Alaska Alaska Statutes § 13.38.660 — Insurance policies and similar contracts., with citation guidance and answers to common questions.
§ 13.38.660. Insurance policies and similar contracts.
(a) Except as otherwise provided in (b) or (c) of this section, a trustee shall allocate to principal the proceeds of a life insurance policy or other contract in which the trust or its trustee is named as beneficiary, including a contract that insures the trust or its trustee against loss for damage to, destruction of, or loss of title to a trust asset. If the premiums on the policy or contract are paid from income, the trustee shall allocate dividends on the policy or contract to income. If the premiums on the policy or contract are paid from principal, the trustee shall allocate dividends on the policy or contract to principal.
(b) Except as provided in (c) of this section, a trustee shall allocate to income proceeds of a contract that insures the trustee against (1) loss of occupancy or other use by an income beneficiary;
(2) loss of income; or
(3) subject to AS 13.38.620 , loss of profits from a business.
(c) This section does not apply to a contract to which AS 13.38.690 applies.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 13.38.660
What does Alaska Statutes § 13.38.660 cover?
Section 13.38.660 ("Insurance policies and similar contracts.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 13.38.660?
A common citation format is "Alaska Statutes § 13.38.660" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 13.38.660 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.