31A-10-201. Definition.
As used in this part:
(1) "Nontraditional insurer" means an insurer incorporated under, or admitted under, that: Chapter 5, Domestic Stock and Mutual Insurance Corporations Chapter 14, Foreign Insurers exists for the purpose of aiding and strengthening the following by providing them with annuities: nonprofit entities; employees of nonprofit entities; governmental entities; and employees of governmental entities; issues only annuities and no other insurance product; and does not pay any benefit based on a guarantee as to principal, interest rate, return on investment, mortality, and morbidity.
(2) "Nontraditional insurer" does not include an insurer that provides annuities to persons other than: nonprofit entities; employees of nonprofit entities; governmental entities; and employees of governmental entities.