33-20-306. Dividends.
40 words·~1 min read·
/mt/title-33/chapter-20/part-3/33-20-306·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-20-306 . 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.