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Alabama Statutes

§ 27-15-21 — Annuity and Pure Endowment Contract Provisions - Dividends

Alabama § 27-15-21
JurisdictionAlabama
Title 27Insurance
Ch. 15Life Insurance and Annuity Contracts
Art. 1General Provisions

This text of Alabama § 27-15-21 (Annuity and Pure Endowment Contract Provisions - Dividends) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ala. Code § 27-15-21 (2026).

Text

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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Legislative History

(Acts 1971, No. 407, p. 707, §366.)

Nearby Sections

15
§ 27-1-1
Short Title
§ 27-1-10
Payment for Health Services of Chiropractor; Insured to Have Exclusive Right to Select Practitioner of Healing Arts
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Insurance Coverage for Drugs to Treat Life-Threatening Illnesses
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Dentists and Dental Hygienists as “Physicians” Under Health or Accident Insurance Policies
§ 27-1-11.1
Appropriations to Certain Universities Not to Be Considered in Patient Care Reimbursement
§ 27-1-12
Penalty for Violation of Title
§ 27-1-13
Existing Forms and Filings
§ 27-1-14
Preservation of Prior Rights, Obligations, Etc
§ 27-1-15
Payment for Services of Podiatrist
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Standard Health Insurance Claim Form; Electronic Claims Form; Various Claim Forms
§ 27-1-17
Limitation Periods for Payment of Claims; Overdue Claims; Retroactive Denials, Adjustments, Etc.; Penalties
§ 27-1-17.1
Payment of Providers through Electronic Funds Transfer Methods
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Contract Providing for Mental Health Services to Entitle Insured to Reimbursement for Outpatient and Inpatient Services by Qualified Psychiatrist or Psychologist
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Reimbursement of Health Care Providers
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Disclosure of Information Regarding Cost and Availability of Treatment or Drugs
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Bluebook (online)
Alabama § 27-15-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-15-21.