Alabama Statutes
§ 27-15-21 — Annuity and Pure Endowment Contract Provisions - Dividends
If an annuity or pure endowment contract, other than a reversionary, survivorship, or group annuity, is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.
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Alabama § 27-15-21 (Annuity and Pure Endowment Contract Provisions - Dividends) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1971, No. 407, p. 707, §366.)