GroundRules
Ala. Code § 27-15-21: Annuity and Pure Endowment Contract Provisions - Dividends.
Where this section sits in the code
- Title 27 Insurance.
- Chapter 15 Life Insurance and Annuity Contracts.
- Article 1 General Provisions.
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.
Collected 2026-09-03T14:01:51Z. Source file · JSON