Section 23-81-126 - Annuity and pure endowment contracts - Dividend provision

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 1959, No. 148, § 329; A.S.A. 1947, § 66-3320.