Ala. Code § 27-15-21

Current with legislation from 2024 effective through May 17, 2024.

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.

Ala. Code § 27-15-21 (1975)

Acts 1971, No. 407, p. 707, §366.