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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/27-15-21.htm
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Modified:2008-02-21 13:52:42
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Title:27-15-21
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Body:Section 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.

(Acts 1971, No. 407, p. 707, ยง366.)