20-2631. Definitions In this article, unless the context otherwise requires: 1. " Company" means an insurer licensed pursuant to this title to transact life insurance or annuities in this state. 2. " Variable annuity" means an individual policy or contract that provides for annuity benefits that vary according to the investment experience of a separate account or accounts that the insurer maintains pursuant to section 20-651 or the corresponding insurance laws of a foreign insurer's domiciliary state.
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